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


To: James Thai who wrote (75296)8/24/1999 12:05:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
Well guys, the news is out. 1/4 point rise and neutral bias.

If it turns out to be anything else, I will not post here again!

But the Fed is going to give the market exactly what they want.. My calls are doing nicely!!



To: James Thai who wrote (75296)8/24/1999 12:16:00 PM
From: Jan Crawley  Respond to of 164684
 
Thanks James.
Well, looks like Amzn $150(post split @75) is quite possible next month. Why? If Janus holds tight, retailers hold tight, shorts decide to cover 5M shares....then supply will be in charge again. Not in the way it used to be; but still materially relevant to move the stock to $150 in a quick way.

We are not in danger of profit taking from Janus @120; my guess is that their first 9M Amzn shares were cumulated with an average price of $130 and above, the 8M shares accumulated in the past two months or so has an average cost of under or close to $100.

p.s. I am comfortably holding 500 shares so I could be all wrong.