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


To: Ed Zhao who wrote (11662)7/24/1998 12:36:00 PM
From: Rob S.  Read Replies (4) | Respond to of 164684
 
If you had sold calls instead of shorting, you would already be up 20% to 30% on the day, you could close out your position now or wait for a late-day sell-off. We may get a little rally to 122 or so that you can sell into. I think we will see a nice sell-off toward the close; maybe down 10 to 15 for the day. My thinking is that some speculators have still been hoping for a rally but will dump shares ahead of the weekend. Next week will be bad for AMZN, IMO.