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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: Jan Crawley who wrote (48174)	3/30/1999 6:31:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

Jan, >> then I reset at $162 9/16(exactly $7 off today's high), I wonder if a trading range will get established now. Yesterday sold 300 shares at 150, bought them today at 160. Loss. then sold 100 at 166, bought 100 at 164. Of course the day was a loss due to yesterdays short. If a trading range gets established, then I think our trading style will work again. Now I have a 200L/400S. Yesterday there was no chance to trade at all. It gapped and stayed there all day. That continued for the 1st half of today. All bad for us. But then I think there was panic short covering reminicient of January. which took it from 158 to 170. That is what we traded on in the afternoon. Now if we really did have short covering, I wonder if it can still gap up tomorrow. If we get some volatility that we can trade, I am pretty sure I can recover the $3k I lost. Anyway, I had made much more than that last week.

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