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


To: Jan Crawley who wrote (48215)3/30/1999 11:20:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
Jan,

>> We just have to be more careful during the shifts.

My feeling from looking at the sales data is that the buying is all retail. I don't know at what point the individuals will feel full of amzn, but at some point they will. I sincerely doubt that funds will buy amzn at these prices. So we just have to survive this period by setting sell limits higher than normal, then buy back quickly when there is a profit.

Today in the afternoon we saw a little panic from the longs. Whether that was caused by the dow dropping 100 points, or whether amzn specific, I don't know. My guess is that if it happened today, it could happen tomorrow also. So trading opportunities.