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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (72265)	8/5/1999 11:29:00 PM
From: JOHN W.	Read Replies (5) \| Respond to of 164684

I have been short this stock essentially from 210, a couple days ago I said I would cover. I Did. After another fall, I said I would probably go long. Later I urged the shorts, that this was very dangerous to still be short. By this time everyone here now was bearish, the whole board stop bashing me about being bearish and disregarded me when I said to cover. GST and the like with a bunch of new small time jerkoffs said we would go to 30. Tommorrow as momentum players join the institutions/funds and the shorts desperately attempt to cut their losses we will see at least 110 intraday, and close above 105. No matter what the employment says. If I am wrong I will never post ON THIS BOARD AGAIN, otherwise I would start listening to me. I have not missed the tops and bottoms by much and I never taken a lost on AMZN, although I did on several biotechs this year. There is now a new huge short position. No one wants to stay short over the weekend. P.S. 170-190 before Christmas 1999. TRUST ME ON THAT

To: Bill Harmond who wrote (72265)	8/5/1999 11:35:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

William <The same bear market we've been in for nine years! :)> Can't blame you for celebrating. Its been a pretty pathetic run for the nets and a good day raises hopes of a lasting turn -- nothing indicates that is the case, but good to celebrate while you can. This is a sell the rallies market -- I can't share your enthusiasm for receiving each bump on the way down as a reversal. Impristine captured the spirit of this well when he said something like 'that 200 dma held again, you can always count on that'. But that lasted a day and then the 200 dma was broken and there were no more cheers. A couple of hours of short covering will not count for much as tens of billions of dollars continue to flow from these stocks. Do you remember the open? Utterly brutal selling in one stock -- AOL. We had a short repreive on better interest rates, short covering and a premature 'spurt' in advance of tomorrows economic numbers -- some turnaround. We are more vulnerable now than when the market opened this morning -- there is nothing left to stand between the market and a dance with grim -- fewer shorts, a failed bounce and higher rates will be met with selling that will crack the weak hands that bought today. All IMO of course.