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


To: Bill Harmond who wrote (14503)8/24/1998 4:05:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
>Sorta like Amazon's decline...

Hey William, here's a question for you: If there were no MMs doing multiple short squeezes, do you honestly think AMZN's price would be anywhere near where it is now?

Is it your opinion that AMZN will contiune to go up until the end of the universe? With absolutely no chance of a decline?

I seriously would like to hear your views.



To: Bill Harmond who wrote (14503)8/24/1998 4:18:00 PM
From: McNabb Brothers  Read Replies (4) | Respond to of 164684
 
William,

So far a good call on AMZN! I had naked calls on AMZN sold until today and as of today I have closed all of them at present! Reasons being:

(1) Way too many bears on this thread including myself until today!

(2) I believe you are right about Cramer in that they will prove him wrong as he too vocal, and the market has a way to make one look like a fool after such predictions!

(3) Craig Crawford being bearish, even though he is a great stock trader, on Roger Babb's thread he hit ten straight trades in a row and he is due for a loss!

(4) Looking at the TA which I watch, along with the FA on a stock, I see a flat top with an inclining bottom! Looks as if it is going to break out to the top of the flat top and if if it does we may see $200 in a matter of a few days if not a few weeks!

(5) Last but not least AMZN is Amazing!

I will try again at some point in time, but leaving tomorrow (Tuesday) on vacation, and do not want to have AMZN ruin the trip for my wife and 4 year old daughter and 2 year old son, by having to watch it all the time! Will be back next Monday!

Hank