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


To: Jan Crawley who wrote (22239)10/19/1998 3:47:00 PM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
You made the same statement on Sept 28, when Amzn was approaching 120. I shorted 200
shares on that day at @117 3/4.


Jan,

You can repeat the same thing as AMZN approaches $120 on the basis that it will be turned back by the resistance at $120.
Howver, if AMZN breaks resistance and closes above $120, and you do not cover quickly, you are toast!

--Olu E.



To: Jan Crawley who wrote (22239)10/19/1998 3:54:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Jan<I am not too interested in shorting below $75, not much "$$$$"?>
I think what Olu is trying to tell you is, only when the 'Thing' gets down to $75, will Glen get a chance of it being his $10 stock.
Personally I agree. When the 'Thing' hits 75 bucks I'll short every share I can get.
Please, let me tell you why? If we know then, everything we know now.
The 'Thing' at $10ps would be a good long possibility. Assuming that the Streets profit demands have not intensified at that point.