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


To: Jay8088 who wrote (16200)9/5/1998 2:49:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
>why did you go long AMZN on Friday?

I didn't. It's a running joke here- I announce that I've gone long and the stock instantly tanks 5 points. It's happened several times, and I can't explain it. I just did it as an experiment, and it has worked every time.

I'm still completely short Amazon stock, as I have been since the beginning. It was a rough ride up to the 140's, and I had to cover several times for moderately substantial losses, but the recent drop to the 80's has put me in the black by over $460,000 dollars. (before taxes)