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

To: IceShark who wrote (22175)	10/19/1998 10:56:00 AM
From: M. Frank Greiffenstein	Read Replies (3) \| Respond to of 164684

Gary Smith of TSC says... Check out Gary Smith's thoughts on AMZN chart at thestreet.com Intersting. He draws trend lines and says AMZN will meet resistance at 105-16 level. And what does AMZN do today but back off at 106? Gary SMith says "Watch out!" at 106. I am not a chartist, but I read charts to better understand what chartists are buying and selling <g>. DocStone

To: IceShark who wrote (22175)	10/19/1998 10:56:00 AM
From: Steve Andrew	Read Replies (2) \| Respond to of 164684

Iceman... Your analysis is mostly correct as NASDAQ is notorious for 2x trade counting and will likely never stop the shenanigans. FYI.... I am getting the trading call from several desks (due to my ongoing interest in the "THING") that AMZN is quietly telling its followers (Meeker,others,et.al) that its initial music division #'s are super strong and likely to surprise many...they are also telling some firms that their whisper #'s are too low and cash flow is stronger than anticipated. I am also sure that Vinik, et.al are gearing up for one more concerted squeeze into, and possibly after the earnings announcement. As I am mostly a consistent disbeliever in the AMZN story and a fervent short in the AMZN valuation model, I also remain a determined pragmatist and therefore reluctant to stay short here into the #'s. I maintain that Bezos will do almost anything to continue to appease the street and his fellow shareholders, regardless of the trends or facts. Be careful as I really do anticipate another round of squeezing. I believe the apparent easing of available and borrowable short-stock last week was a bad omen for the short-term direction of the "thing." If anyone wants to remain (and admirably) short....use the call/put options (Sell call..use proceeds to buy puts...then you can always buy the stock and have a directionally neutral conversion on..and be able to sell long stock when opportunistic to do so). This strategy, and its sub-components will protect you from a buy-in panic that has been known to frequent this stock in its past. Good Luck to everyone. Steve