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

AMZN 226.10

+2.5%

3:59 PM EST

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To: Jan Crawley who wrote (60876)	6/6/1999 2:13:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Jan, >> p.s. If ebay gaps open to $175 Monday morning, I will short 200 shares. "can't go too wrong if we follow each other this way". << The range last week was 150 to 182. Here is a new metric for short term trading. In eBay, the high of the day usually lasts for only a few minutes, while the low lasts for hours. I'll try to introduce this observation into the buy/sell decision. My main FA driver in eBay is that auction growth is about 30% for Q2 over Q1. Down considerably from about 80% for Q1/Q4. If the shipping agreement gives us another selling opp on Monday, I'll take it. I expect eBay to be 180 for a few minutes next week, and 160 for a few hours, and the rest in between.

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