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

To: H James Morris who wrote (47415)	3/26/1999 12:14:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

James, >> The only risk I feel I have is if the "Thing" goes above 200, or pre split 600. Take your pick. << You know, for the last month or two, I have had some success trading amzn. Both long and short. I know over-confidence is the start to ruin. But I think today's strong move up is as false as the sharp move down. Both have nothing to do with amzn. Its basket was bought, causing daytraders to pile on, then momentum players, then short covering. It can all go the opposite on a day when nasdaq is down. What evidence ? Look at 2 days ago. I will sell my last long shares tomorrow at open. Hopefully at 145. Then on Monday hope to short at the going price. I learned to play with just a few shares. That way there is no need to panic. Amzn bulls think today was some confirmation of the e-commerce model. There was no evidence of that. There was nothing different today from a week ago when it ran to 143 as dow ran past 10k. AMZN is behaving exactly as a high beta stock. Plot the nasdaq index on top of its minute chart and its obvious.