Amazon.com, Inc. (AMZN) Message Board

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

AMZN 223.36

+0.4%

12:12 PM EST

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To: Glenn D. Rudolph who wrote (51206)	4/18/1999 9:29:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Glenn, I like to make a mental model of amzn share price for myself. It helps me in trading it. Friday morning I decided to go long in amzn at 185, and sold out at 190+. My feeling was it is too risky to short, with a breakout looming, etc.... Now I am wondering whether the larger short term risk is on the long side. That is what I will watch on Monday morning. Whether there is a gap up, and the open volume. On Friday, I saw a lot of churning, as though the up-move got exhausted. As someone posted to me, shorting amzn is like picking up a dime in front of a moving bull-dozer. Basically, it is done for the sport.

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