SI
SI
discoversearch

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: Jan Crawley who wrote (41825)2/22/1999 11:13:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
Jan,

I was busy with amzn today.

- shorted 200 at 103 1/2 then covered at 102 1/4. The stock ran down to 101 after that.

I thought gee, this is pretty good. lets try that again.

- shorted 300 at 103 7/16. the stock would not come down at all. Kept going up. eventually covered it at 107. Loss.

- while it was going up, I bought (shame, shame) long 1000 shares at 105 13/16. Sold them later at 108 3/8.

- shorted 300 shares at 108 1/2. covered at 107 3/8.

- shorted 400 at 108 3/4, covered at 107 3/8.

- shorted 400 at 109 1/8, covered at 108, it ran down to close at 106 1/2

I guess these don't really add up to 10k shares. But it seemed like it at the time.

But really this was mostly experiment to see if I really could pick the turning points. Today was more of a yo-yo than usual.