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


To: MR. PANAMA (I am a PLAYER) who wrote (6175)6/16/1998 12:00:00 PM
From: jawd  Read Replies (1) | Respond to of 164684
 
I got to say something smells fishy here.

They run the stock up to 70, then suddenly a message appears saying you cant short the stock. No even for 5 mins.

So there is no way a normal day trading market can function on AMZN anymore.

For what its worth, I think its hit the ceiling (71 1/8) and I think its an unsafe long at these levels.

Wouldn't be surprised to see it come crashing down in a few days as everyone scrambles to take profit at 70.

If you shorts haven't covered yet - I'd say maybe, just maybe, there might be a chance for you. But I still dont see it going less than 45 - 50. So if it gets *anywhere* near there - I'd cover.

If it touches 75 - forget it - 90 is next.