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

To: H James Morris who wrote (5673)	6/12/1998 12:03:00 AM
From: F The	Read Replies (1) \| Respond to of 164684

David you wrote,< That being said, I would definatly short AMZN today if I was not already short. > I would short more too if I did not have 1500 shs short average $45. Now, I am accumulating puts. I may want to reduce my short position and get back in later may be at 80. Have any one figured out the equation what would be the turning point? Or may be it is too difficult because the momentum is too powerful and the ball would keep going up to the sky. If every shorts had the stomach to hold, this would prevent the price from going up. The manipulators know the shorts' weaknesses so they attack shorts before they are being attacked. The problem is they have a competitive advantage because of the small floats and the control not too mention that they are taller and stronger. This will eventually tank below $40, but don't know when. I shorted XCIT started fr $65 and kept adding short all the way up to $90. It was a scary ride but when the parabole turns and it burst, quite a nice profit. I shorted AMZN started the same time I did XCIT, but I have always lost money on this one because of the small floats that makes it easy to be manipulated. Frankly I would rather long on XCIT or YHOO especially than AMZN. The search engine has a much brighter future than the internet book & CD store which margin is very limited and too many competitors. I have been worried (but still can sleep well) about the manipulation and the momentum players. I don't know if it is worthwhile to hold short for that many shares although I have the stomach to hold because it is quite dangerous to play with this pyramid scheme. Any suggestions is welcome but I won't get rid of all of my short. May be unload half so I would safe some room to short more when price goes up. Thanks for reading.