To: IQBAL LATIF who wrote (29068 ) 9/30/1999 9:12:00 AM From: IQBAL LATIF Read Replies (1) | Respond to of 50167
I had these AMZN AOL YHOO 62.5 95 155 calls which I disposed yesterday the rally and the hike were too good to ignore rather I would say I pulled the trigger on AMZN a bit early at 77 and not 83, but you can't kiss all the girls so I decided that on a little pull back I will go for my out of the monies on all these stocks that happened but like always once you miss the train reentry is difficult proposition so I missed however on htis report. I think that some 95 or 100 of AMZN above a 650 close on DOT can be interesting.. as I have laways highlighted I never buy these stocks only trade out of the money options and never sell calls or puts on these stocks, my risk is my premium and that is what I stand for.. I will be out of these calls on two closes below 618...on DOT.. Buy Alert! AMAZON.COM INC (AMZN) Nasdaq Report No. 882 Analysis by: Harry Aloof SEPTEMBER 30, 1999 AMAZON.COM INC (AMZN-Nasdaq): Technical Viewpoint: From a low of $44 7/8 on Jun 14, 1999 prices rallied, reaching a high of $71 1/4 on Jul 16, 1999. A decline saw prices pull back, reaching a low of $41.00 on Aug 10, 1999. Another rally saw prices penetrate resistance line "A", closing 9/29/99 at $80 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 24, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $67.00. Resistance: Is at $90.00. Point & Figure: Reversed to the upside on Sep 29, 1999. A P&F downside reversal takes place at $78.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM INC (AMZN-Nasdaq) @ $85 1/8 Stop: Use a protective stop of $82 1/8. AMAZON.COM INC is currently trading @ $80 3/4 plus $14 7/8 on Sep 29, 1999. Price Objective: $114.00. Risk/Reward: $3.00 VS. $28 7/8. Today's Risk Reward Ratio: 9:1 View Sample Three Part Technical Chart Daily Candle Stick Chart Point & Figure Chart Technical Study View full size chart Price Objective: $114.00 Risk/Reward: $3.00 VS. $28 7/8 Risk/Reward Ratio: 9:1