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


To: Raiders who wrote (15139)8/28/1998 6:41:00 PM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
I want to see an intra-day reversal for the market and AMZN. Until then I think we can go lower. This open higher after a down day baloney is for the birds. If we open higher Monday I will be skeptical of the rally.

If we open down hard and then can turn around and close positive on record volume, then I will leave AMZN and other shorts alone.

Most all of the stupid analysts on TV keep saying buy. "Market is way oversold." The weaker the market acts the better time it is to short.

I can't remember too many other times when I could short stocks with impunity after the market was down 250 points. Usually when you short stocks down 250 points you get whipsawed for trying to participate in a gang tackle. Not now. Every time I short and add to shorts it's paying off, no matter how oversold we are.

I want this market to prove to me that I can't short at will. So far it hasn't.