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

To: H James Morris who wrote (5177)	6/8/1998 3:36:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Jan, I agree with Mark. The rule of thumb on a short is after a 12-15% downward correction. James, can you explain a little more? Do you mean to start shorting after a 12-15% corrections from the high of $50? Thanks

To: H James Morris who wrote (5177)	6/8/1998 3:37:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 164684

12-15%???? Maybe if you were shorting a blue chip..... Planning on 40-50% within 6 months.. The key is the investment banking business. As the bankers try to get every last dollar of fee's by taking advantage of the investment communities enthusiasm for the internet stocks they will continue with their positive reviews... Once the institutions tire of buying the new issues and secondaries (which we have already begun to see with several offerings being pulled), the analysts will become more cautious in their overly exuberant "analyis" of the sector. Thus the sell off ensues.. See ya at the bottom..

To: H James Morris who wrote (5177)	6/8/1998 3:51:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

AMZN Just broke through a major resistance level. AMAZON COM INC Last Trade: 46 1/8 Net Change: 1 7/8 Bid: 46 Ask: 46 1/8 Day High: 46 1/4 Day Low: 43 1/2 Volume: 788K Yesterday: 44 1/4 Last Quote Time: 15:49 Last Quote Date: 6/8/98 Annual Dividend/Share: 0 Dividend Amount: 0 Bid Size: 300 Ask Size: 900 52 Week High: 50.00 52 Week Low: 8.25 Current Yield: 0 EPS: -0.59 P/E Ratio: -78.178