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To: Charliss who wrote (9452)9/27/1998 8:01:00 PM
From: Charles T. Russell  Respond to of 14347
 
Charliss,

Nope, you're right on. I think the big drop is only a couple of weeks away though.

I was trading Yahoo this week. Excite would have been a little better but it's hard to argue with 20% gains no matter where they come from.

Technically, AMZN looks overbought. I'll be watching it on Monday. If the trend is down, it's a short for at least a day or two. I usually go for the puts, hate to short the internet sector.

PS: Armada sounds a bit heavy. How about the "Russell Arranging the Deck Chairs on the Titanic Fund"



To: Charliss who wrote (9452)9/28/1998 3:37:00 PM
From: Charles T. Russell  Respond to of 14347
 
Charliss,

Shorted AMZN at 118 7/8 today. Covered at 112.5. It broke too high, too fast. I think rate jitters are setting in. If it breaks high on the open tomorrow I'll wait and do the same thing again.

What do you think... interest rate cut in the air? If it doesn't happen this market is going to go south for a day or two.