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

AMZN 229.60

+1.5%

Nov 25 3:59 PM EST

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To: Jan Crawley who wrote (48450)	3/31/1999 8:17:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Jan, As you said earlier, the weakness of our method is the big moves that last several days and go 40 points in one direction. This time I was stupid and shorted into the up-trend. It just did not seem reasonable to get that high a price increase for these auctions. The amzn view was cloudy today. Dow dropping 130. I am sure amzn's drop was related to that. Which means that maybe tomorrow it will gap to 178 again. But should we sell into that ? The only reason we were able to buy back today was because dow crashed. Otherwise amzn was going bye bye. But also, the depth of the drop from 175 to 165 surprised me. I wonder if the longs are nervous !

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