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

To: rrufff who wrote (156444)4/25/2003 1:51:39 PM
From: hueyone  Read Replies (1) | Respond to of 164684
 
Amazon not discussed here much.<ggg> Yahoo, Ebay and Amzn are all in a bubble imo, with stock prices unrelated to fundamentals, that has gone well beyond where I thought it would go. All the remaining new economy investors and mo mo investors must have congregated there. Fortunately I am not short; and I don't have any idea when the upwards momentum will end.

Regards,

Huey



To: rrufff who wrote (156444)4/25/2003 3:37:45 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
FWIW, I shorted last night AH @ $28.50, watching it hit the 29's today.

Shorting is a risky move, as there is a very large short position on this stock. A similar situation seems to have arisen with IOmega, which was severely overvalued at some point in the past, but every time it started dropping in price short sellers would jump in and cover, essentially providing support for the stock.


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