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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: fedhead who wrote (20019)2/25/1999 8:17:00 AM
From: Clint E.  Read Replies (1) | Respond to of 69867
 
Hi Anindo.

>>>What are your thoughts on AMZN?

All I can say is that in my view investors/traders should not expect the same kind of returns in the net stocks that we experienced last year. I've said that since Jan. That said, AMZN seems to be range-bound between 80-140. If they can find "exciting new" ways of adding to their top-line growth by adding new companies, etc., AMZN may break out of this trading range. Otherwise, that's pretty much the way it is until next qtr.

Keep in mind that the net stocks have all been already discovered. Also, you used to hear in the media(they always love to justify why stocks move up or down) that the nets are up because other companies were suspected of missing earnings. That is no longer the case.

>>>>Sometime ago you mentioned that you were going to experiment with out of the money options on the nets? How did that go ?

I did one in-the-money call in AOL a couple of weeks ago that did well but beyond that I didn't do it.

Clint