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

To: Bob Duncan who wrote (47330)	3/25/1999 7:03:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Bob, >> I assume no one is negative on AMZN anymore? I have stayed the hell away from this stock until at close today when I bought some Puts. Everyone is so positive about tomorrow though I am beginning to regret buying the puts. << I lost a small fortune shorting amzn. Then recovered half of it. For the last month I have been trading amzn successfully both long and short. Of course you know with amzn, timing is everything. Your puts could work, but not tomorrow. Please don't trade amzn based on traditional fundamental analysis. No one cares about that. my assumption has been that amzn will cycle between 120 and 140. I have been trading it this way for three weeks. It looks like the range got extended yesterday to down side, and perhaps tomorrow to the up side. One person on this thread who has been successful with amzn is Jan. Her opinion is that amzn is driven by 1-institutions, 2-brokers, 3-daytraders, 4-short sellers. #1 and 2 are still very upbeat. but #3 switch back and forth. And #4 are at the mercy of #1, 2 and 3. I personally think that everyone who wanted to buy amzn has already bought it. There may be a few momentum players who will buy the gap up tomorrow. But I think after that it will stall in the 130's for a few days again. I personally will bet a 100 shares this way. But you have to evaluate your own risk and study it for yourself.

To: Bob Duncan who wrote (47330)	3/25/1999 7:09:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Seriously though, anyone out here short or have puts? I would hate to think I don't have any company. How about you Glenn, are you in the long camp too now as well? Bob, I am not long nor short. I have no position at all. I decided I cannot trade this stock in either direction. I thought the story was over yesterday morning with all the negative press and the steep fall of AMZN and YHOO. I was long both and sold both close to their lows. My opinion on the movement is worthless to both you and me. I cannot be long a stock in which I have no faith and cannot be short when it appears most of the world loves it. I wish you good luck! My two cents is AMZN will fall after a 4 point rise in the AM. That is not even worth the paper it is written on<VBG>

To: Bob Duncan who wrote (47330)	3/25/1999 7:45:00 PM
From: Al Chechatka	Read Replies (1) \| Respond to of 164684

I am short this stock (using leap puts and naked calls). My problem is I don't cover quickly enough and trade it during its range like the other person who was. I keep watching profits turn to losses and back again. After today, again I am negative. This is a traders dream, unfortunately, I haven't been trading it. I broke a major rule, don't watch profits turn to losses. This is the second time I could have gotten out with gains. Geez fool me twice shame on me! Good luck to the longs, there is money to be made on anything that is a big momentum player. The risks are great for both the longs and the shorts. But looking at the emotion here, without the fundementals, it will have its lower lows. If you are long and making good money, just remember to get out and profit. don't let them turn to losses. Because it doesn't take long for sentiment to change, look at Feb loss of over 50%. And today, look at Dell (a company that makes real money, but in the last month and a half, you cannot make a dime on it) Al C.