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


To: Jan Crawley who wrote (36970)1/26/1999 10:31:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 164684
 
Here's my prediction folks. Now, pay attention . . .

Amazon will get a few key analyst upgrades before the open.

It will open up at $139. It will slowly move up the rest of the day.
There will be a buying surge at the end of the day as the shorts scramble to cover. It will close at $156.

On Thursday, after AOL reports stellar earnings, the naz futs will be lock limit up. Amazon will open at $170. The shorts will scramble again as the brokerage firms force them to buy the shares back as their accounts have become dangerously low. Amazon will close Thursday at $179.

I will write the Feb $150s at the close on Thursday @ $40 each.

Life is great, isn't it?