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

To: Glenn D. Rudolph who wrote (13926)	8/18/1998 2:33:00 PM
From: Peter Church	Read Replies (2) \| Respond to of 164684

Day trader's dilemma: Amazon up 5, buy or sell? Well it depends on your time horizon and your attitude towards the Market. My market attitude is bearish, so this looks like a bear market rally. My timing is one month, i.e. I sold Sept. calls. So until otherwise indicated I'm holding my shorts (up). But on a day trading basis, this isn't fun. I don't like the 100,000 share buy this morning. It looks like a signal to the market that there is buying power in reserve for the day. I think day traders see that and feel comfortable buying into rallies. The buying pressure could push Amzn up more, depending on the Dow and other big picture factors. I would not be a short term short seller right now. Just my 2 cents.