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


To: Oeconomicus who wrote (1666)2/24/1998 1:55:00 PM
From: Candle stick  Read Replies (1) | Respond to of 164684
 
The volume is huge today, going to easily top 1 million shares. I don't know what to make of that other than a lot of shorts must have bailed out.

You longs out there never realized it but the shorts were your best friends! These short squeezes are about the only reason AMZN ever made it this high. If they cover, there may be nothing left to hold it up here for long.

;^)



To: Oeconomicus who wrote (1666)2/24/1998 2:22:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 164684
 
This whole market rally over the last two weeks looks like capitulation

You bet it does. I hated to bail but my AMZN position was not all that large anyway. To be honest I may bail on YHOO also (I'm about even on that one).

Actually had I known the 'news' of CDs was driving the stock I might not have bailed. The stock will likely slide for a while just like YHOO did after its recent squeeze. I guess I could re-short :).

graduates of "Daytrading School"

LOL - I read in SmartMoney magazine on how many people are getting addicted to trading in a similar manner to gambling.

IMO the only thing that will kill the market is a good inflation scare to drive up interest rates a little.

I'm not exactly sure how to play this market. I may buy into COAGX that has a lot better track record than BEARX. COAGX is currently 36% short.