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

To: jawd who wrote (8745)	7/5/1998 2:27:00 AM
From: mchip	Respond to of 164684

Interesting choice of words.. 'reality'! made me want to reply... >>Regardless of what stock you trade, short or long, if you cut your losses you will always win. Let the good trades ride, but don't be greedy. I agree! >>These are not horses we're betting on. There is no need to gamble. When you give your money to the book makers you cannot get it back. If you bet on a stock and it starts to go wrong - you CAN get it back. wow.. at these levels... it might be easier to pick the horse! But really, when this horse breaks a leg around the 2nd Q(err turn), I think it will go down hard and fast. I would not want to open a long position now, well... and hold it overnight at least. >>Next week AMZN will probably do what it did this week - same thing. There's nothing to suggest anything different will happen. AMZN could easily double again in a month. Given what's happened so far, that is the most likely scenario, whether it makes sense or not. But I do not advocate going for the kill and trying to double your money unless you can afford to lose it all, which I doubt. Yeah.. it might, and possibly for the month... but we are in earnings season. >>As for Glenn and all the other shorts, I hope they stop killing themselves and start accepting reality. AMZN is going up, not down. It's been an amazing ride up, but I had to start shorting. REALITY was the reason. $130 is when I'll short again... making my short position larger than my long. and I hope I have my stop order entered low enough to be invoked when the bail starts. >>Reliance on luck isn't going to work - this isn't a slot machine. Yeah... the odds for a slot machine are at least known!!