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


To: Gary Korn who wrote (4883)5/31/1998 9:56:00 AM
From: hal jordan  Read Replies (2) | Respond to of 164684
 
Gary,

That is an interesting strategy. So buy long and sell short at the same time, then wait for the wall to crumble.

Hmmmm...I like that.

Hal



To: Gary Korn who wrote (4883)5/31/1998 4:23:00 PM
From: Mark Myword  Respond to of 164684
 
>> I have a boxed position on AMZN (and on AOL). When boxed, it only uses up 5% margin at FIDO. When I want to short, like Vinik, I just sell the longs. No waiting for an uptick, as you say.

Having said that, I've still managed to lose money on both positions so far. But I'm no Jeff Vinik. << Gary - be patient , payday is just around the corner. The tech stocks are , IMO , headed for a fall along with the general market / AMZN & AOL should both go down a ton if there's any sanity to this whole game.