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


To: Jan Crawley who wrote (48174)3/30/1999 6:31:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
Jan,

>> then I reset at $162 9/16(exactly $7 off today's high),

I wonder if a trading range will get established now.

Yesterday sold 300 shares at 150, bought them today at 160. Loss.
then sold 100 at 166, bought 100 at 164.
Of course the day was a loss due to yesterdays short.

If a trading range gets established, then I think our trading style will work again.

Now I have a 200L/400S.

Yesterday there was no chance to trade at all. It gapped and stayed there all day. That continued for the 1st half of today. All bad for us. But then I think there was panic short covering reminicient of January. which took it from 158 to 170. That is what we traded on in the afternoon.

Now if we really did have short covering, I wonder if it can still gap up tomorrow. If we get some volatility that we can trade, I am pretty sure I can recover the $3k I lost. Anyway, I had made much more than that last week.



To: Jan Crawley who wrote (48174)3/30/1999 10:54:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
Jan it's hard to tell what Amazon might do during the next few days. I think that the stock would run up a lot more if the conditions in the market were better. Some of the Furby monopoly money is probably going to shift out of speculation in eBay and into Amazongonenutty.com.

Just for the heck of it I put in an auction item at the Amazon site: I offered to sell the web name www.YourDeal.com for $50,000. I doubt that any Amazonians will be interested in it - maybe if I said it was a "Furby" URL I'd get it!



To: Jan Crawley who wrote (48174)3/31/1999 10:06:00 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
Jan,

Sold 100 amzn at 176. Looking to buy back at ? I hope under 170, but it does not look like it, today.