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


To: fedhead who wrote (24585)11/5/1998 1:38:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 

AMZN has moved from low 80's to 129 in the last couple of weeks.
There have been all kinds of bad news about this stock. Yet it doesn't
go down. You may call it manipulation but the odds are heavily against
you if you are short especially when the general tone of the market
has improved so much. The objective is to make money not to let ones
losses/gains cloud one's judgement. AMZN stock action is telling me that it is not going
down anytime soon.

Anindo


Anindo,

I turned a profit of $38K during the last three weeks on AMZN. I still have losses to gain back but I am getting there. The shores used for acquisition will be causing dilution so I anticipate a slow decent of AMZN. I can play the moment and so play both up and down. I have a down bias, however.

I have never accused AMZN of being manipulated. Others have. Locate a post where I ever made that statement. I have accused management of not disclosing improtant information in their SEC filings. I can prove that. The fact the market bids up a stock does not mean the compnay is doing well. The success of the company is on the income and balance sheets.

Glenn