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

To: Mike M who wrote (2123)	3/10/1998 11:32:00 PM
From: Bilow	Respond to of 164684

Hi Mike. I think you got your TA right on target. I shorted (puts) AMZN back when it made its last simultaneous volume and price peak. When that volume has dropped for a day it is time to go short, and you timed it perfectly today. By the way, the bullish mania in the general market is the strongest I have ever seen, and I will be buying market puts (i.e. 30-60 day out DJI or whatever puts struck near the market.) once a month until it turns over. This I expect to happen before the end of the year. When the market as a whole corrects, it will take AMZN with it. -- Carl P.S. To all those who think the Nasdaq MMs are manipulating this stock, I doubt it. I think Joe six-pack is buying this issue heavily, largely because he can't read a profit and loss statement. All the stocks that Joe knows about are high, look at KO for instance. The MMs know that there are many millions of "new" shares out there, ready and registered to sell, and they are not about to get stuck long when those come on the market. There is no reason. They can make money just buying low and selling high on any volatile stock. As far as manipulating the market to run the stops, that only works when people have stop loss orders, and only to the extent that the stop loss orders exceed the sum of limit orders and the trades of opportunity traders like myself. Running the stops has to be a losing game most of the time, and I really doubt the MMs do it. If they do it, you can make good money at their expense by putting in limit orders. You only lose if you put in stop loss orders, or don't have gonads, get scared and execute badly. So don't use stop loss orders. And check if you have been neutered, if so, then get out of the market. -- Carl