Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sarmad Y. Hermiz who wrote (41379)	2/20/1999 12:12:00 PM
From: Robert Ague	Read Replies (1) \| Respond to of 164684

Sarmad, Fundamentally and Technically, AMZN is in a DOWNTREND. Look at the chart...trendline is down and not yet broken. Stochastics is oversold, so I would not be surprised for an up Monday, a short-term uptrend. MACD is negative, validating the downtrend. I do not give into the hype about AMZN is great, analyst upgrades (they do this to take your money, they will not give it back later either), Q1 promises, business plan, etc. I look at the charts: people have been selling into the rallies and are pissed they bought at $199 to see it fall to $84 in a matter of weeks--which can take a toll on people's emotions. Unless AMZN can get past $110 to $115 and sustain it for several days, DOWN, DOWN, DOWN! If it can break the trend, load up for the intermediate move of $140 to $150. I have ordered some books from them before, somewhat not happy with the slow service, but their customer support was good. Folks, they sell books and CDs, low margins, just got into the business first. Story of many businesses that both are still successful and some no longer in business. Time will tell. Rob P.S. I have not lost any money in AMZN (yet).

To: Sarmad Y. Hermiz who wrote (41379)	2/20/1999 1:07:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

Now that I am starting with clean slate in amzn, I will work with very small qty to test my ideas without coming under a lot of pressure. It will also be more fun, I hope. Let's go, partner! (for the next two weeks or so. With Amnz, we will have to change our minds all the time, and fast) Right now I have 400 long shares and 300 short shares. Of the long shares, 50 shares were the "left over" from last weeks' trading, and I bought 50 shares on Friday. On Monday morning, if Amzn "Gaps"; I will have the options to sell 75 shares first, then another 75 shares again if it keeps gapping. (you also have the options of "poping/shrinking/inflating" your box. But if it crashs to $50 on a fine Monday morning, it will not kill me, just go with the boxed-lunch for a while. <ggg> The only problems is the "April 15" headache, I am "dying doing" it!!