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


To: Peter Church who wrote (11932)7/28/1998 1:18:00 PM
From: Jan Crawley  Respond to of 164684
 
Peter,

The 100 boxed shares carry the orig. basis of long at $43 and short at $50. I am trying to utilizing it as a trading vehicle to recapture a small part of my realized loss on Amzn.

It carrys a big burden; and to be honest, I am hoping for a $10K recovery, with my 1 year(?) plan.



To: Peter Church who wrote (11932)7/28/1998 1:18:00 PM
From: put2rich  Read Replies (1) | Respond to of 164684
 
Dow is -192 now. Jan, do you see another repeat of yesterday, or market is bad so they can not pull the trick? rather hold on w/ long term short than recover and may see it drops near close or gap down tomorrow?
Thanks



To: Peter Church who wrote (11932)7/28/1998 1:22:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
Peter, we need another 50 points or so on the trannies (to about a 3250 or lower close)to get below the early June low and confirm their downtrend. Assuming they get there, we'd have a new high in one, and a failure (to make a new high) and confirmed downtrend in the other. Where does the Dow need to go, considering its recent new high, to confirm a Dow Theory sell signal?

Bob