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


To: Lizzie Tudor who wrote (72990)8/10/1999 3:16:00 PM
From: James Thai  Respond to of 164684
 
Well, I don't see how Cramer buying 2500 shares of YHOO moves it like this. KIS says it's because he knows some insider info, blah blah. Bull. If Cramer's not lying (and I believe his integrity) then it's simply a mechanical process of averaging down (buying every 25 points down) not some market timing/inside info play. And I mean if he knows something, is he stupid to publish his buying and open himself to questions? I think not.

That said, I covered all my puts I opened this morning (ugh!!!) and bought calls in the leaders (YHOO, AMZN, INKT, EBAY) and PCLN for a short squeeze. Some filled quick enough to catch a good part of the run, some not. Still holding.

James.