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

To: 16yearcycle who wrote (52008)	4/21/1999 11:37:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Eugene, I think that Sarmad had realized over $15K Amzn profit in the past two weeks. I got around $4K(surprisingly via limited Amzn trading). Amzn was at $190 two weeks ago. My point is that Amzn has been more volatile with less trading volumes in the past weeks. If you are equipped to trade for cushion, why not?

To: 16yearcycle who wrote (52008)	4/21/1999 11:57:00 AM
From: Sarmad Y. Hermiz	Respond to of 164684

Eugene, >> No explanation from me. Panic selling and buying drive these issues all over the place. Let me try at an explanation. The only reason buying support can come in at whatever 155, or 151 is people have cash. They get the cash when they sell in the 170's or 180's. EVERYONE knows amzn can go to the 160's and 150's. So they also know it is a good idea to have cash to buy. But for that they must sell. Also everyone knows that amzn (lately) cannot sustain above 180. So they all sell in the 170's and more so in the 180's. So there is a trading range. the top is the 180's, with some surges up, and bottom is 160's with some dips below. Until some event shakes it out of its orbit. You may be expecting e to take it to a higher range. Look at Yahoo, what did e do to it ?? Now Yahoo, is different. I think its price is too high. And I expect 130's this year. Probably as a by-product of a severe NASDAQ crash, if it occurs. For today, I shorted yhoo at 176.5 and 179 7/8. I have cover limits at 174 and 172.