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

To: Glenn D. Rudolph who wrote (6258)	6/16/1998 9:20:00 PM
From: jawd	Read Replies (4) \| Respond to of 164684

Why do you believe the pop is about to occur? The 2 hour pause today at 70 with MB saying "no shorts" made me think something bad was going to happen. Either a huge dive or a rocket. Something did happen - it smashed the 70 barrier and now I don't see anything holding it back as it hits 90. You did a wise thing off loading some shorts - but the risk is awesome in still holding any. There's nothing wrong in admitting defeat and living to fight another day. The same thing happened to me last month on another stock (ENMD) - I had to take a $100k bath. I still have $90k "play money" and generally I average $1000/day profit, so I'll be evens again soon. I have no tolerance whatsoever for any losses - I cut them straight away as soon as I see that I made a mistake. One $100k mistake is a good lesson - I learn real quick.