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


To: GST who wrote (42366)2/24/1999 9:51:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
GST,

>> I think tomorrow we will be back to day traders again -- and hesitant though they may be, the day traders will once again buy into the rally for fear of being left out of the game altogether.
<<

I am not dogmatic about my view. If amzn starts to go up tomorrow, I will cover right away. But I do feel safe shorting at 120.

The key is to be able to maintain the position, and not be squeezed. In fact keep some funds to short more if that happens.

Do keep in mind that you are a little more extreme in your views. You thought amzn will run lower. I was more conservative. Now you think it may run higher. Is there a pattern here ?

By the way NEM did not do bad today.