Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (48127)	3/30/1999 6:12:00 PM
From: Jan Crawley	Read Replies (3) of 164684

Sarmad, I sold 100 shares at $166 3/4 and then set limit buy at $162, the first pull back did not go there, then I reset at $162 9/16(exactly $7 off today's high), and the order was executed during the second pull back. Anyway, Let's see what tomorrow brings. The problem I see Amzn in going towards $200 is the lack of puts buying, which translates into little on-going short support. Call buyings are stronger, which is pushing the price up. But Amzn needs shorts to keep shorting to keep going up. I think few are selling Amzn naked calls lately, so the call writers are the MM's and covered calls.

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