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

To: Sarmad Y. Hermiz who wrote (45527)	3/12/1999 8:17:00 PM
From: HG	Read Replies (1) \| Respond to of 164684

AMZN may be going to 120 next week. No 140s - JMHO ! PS : I am long @ 132. WIll write a covered call on Monday.

To: Sarmad Y. Hermiz who wrote (45527)	3/12/1999 10:22:00 PM
From: Jan Crawley	Respond to of 164684

Actually I tried a trade that way already. I bought 200 long in the long account at 133. As soon as it filled I placed a limit order to sell at 134. When the sell filled in about 5 minutes, I placed a buy of 100 at 133, which also filled just before the close. So Monday I have some long shares and some short to trade if we have a gap up or down. Sarmad, I am quite excited coz that's exactly what I have been doing. It's really easy to make $500 a day, at will, at your own convenience, with Amzn. Provided that you have the right tools, namely the size of portfolio, familiarity with the stock, and discipline. I sometimes "understated" the # of shares and frequencies I traded, because I do not want to give the "appearance" of how easy and interesting and fun it is. Anyway, my Amzn recap: Open balance: 350L/300S Sold 150 shares at open, but was executed @ $134 1/8, bought 100 shares at 129 Bought 100 shares at 131 sold 150 shares at 134 3/4 bought 75 shares at 133 5/8 ending balance, 325L/300S, and one put obligation. I realized $1,200 yesterday, and net $1,100 today. I pay $15 per trade.

To: Sarmad Y. Hermiz who wrote (45527)	3/12/1999 10:42:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

I believe this approach will work best in a trading range, which it seems amzn has entered. Now the key is to recognize when amzn is in a trading range versus a trend. Exactly. However, it works wonderful during large swings also. My experience has been to set "above and beyond" limit orders for just 100 shares, take the "hit me if you wish" approach. There are days when Amzn will drop/up $7 to $10 points, and then recover/reverse most of the delta within 5 or 10 minutes.. As to the setting up long and short shares in different accounts, it should make no difference. After all, this is pretty much trading manipulations and balances. I have mine all in one now. Last year, for a while, I had 200 short shares with a full service due to difficulty in obtaining them from my on-line accounts. I just traded against the short shares "mentally" in the on-line accounts. However, Will it be inconvenient to handle 3 accounts all at once??