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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (1510)	8/26/1999 10:42:00 PM
From: TARADO96	Read Replies (2) \| Respond to of 19374

Roy, You just pretty much answer the question. IMO, current momentum and the perceived "cheap price" post split will give a chance for many to come in. When AMZN split 3-1 back in January 4 or 5, the stock went down 5-7 points after the split to about 106. At that time, I got in at 110 and rode to 180, but eventually it went to 198 before it quickly retreated back to the 140's. Caution: At the last split, the inets were extremely hot coming right after X-mas and new year's bounce, so I am sure that circumstances were different. I bought 300 shares and I am looking to sell after the split, if it runs to my desired target price. If not, I will leave for the next earnings run or new years' 2000. By that time, with the expected euphoria taken over inets over e-commerce, there is no reason why this stock could not go back to 150 post split. I am not trying to persuade you one way or the other, but it would sure be nice to have 600 shares at 150= $90,000. Vendit and Roy, if you see any flaws in my strategy, please comment. Best of luck, Tar

To: ChinuSFO who wrote (1510)	8/27/1999 9:21:00 PM
From: Vendit™	Respond to of 19374

Chinmoy You may have guessed by now that I really don't think too much about fundamentals when I make a short term trade. I key on short term momentum indicators instead as I believe they cut through all emotion associated with audible information. Re: AMZN 216.32.224.100 This chart is showing lower support at 120 and headed in that direction but also shows the trend up is still intact. My understanding of Inutz splits is a rise shortly before split date. A fall 1 or 2 days before the split is effective, and a fall afterwards. AMZN may be on the train with the rest of the net stocks as many have enjoyed some positive moves up this past week. They seem to all move as one unit up and down with slightly different timing. I will say this to you and the thread, every net stock I look at yesterday and today have signs of tops and should cause each of us to use caution in taking new long positions at this time. Please don't forget we have the long labor Day weekend coming up and we should see some money leaving the markets towards the end of next week. The last trading day before labor day should be seen as a buying opportunity. A nice big old pop should be seen the first trading day after the long weekend as this is also the time that summer vacationing traders hope to come back into the market as they hunt for bargains. IMO Vendit