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


To: Jan Crawley who wrote (55154)5/4/1999 7:21:00 PM
From: Sarmad Y. Hermiz  Respond to of 164684
 
Jan,

>> what are you talking about??

Actually it is true. To short you need an uptick. Which means the stock has to be going up, right? Unfortunately it does not stop after filling my short. Anyhow the key is small position. Even if I have to take a loss in 200 shares, it is easy to recover it by trading within a couple of days.

But here is something I learned from Happy Girl. When I was short 3000 shares amzn in Jan/Feb, Happy posted that amzn had gone down 5 days in a row, and she was buying because it usually turns up after that. I thought to myself she just doesn't know anything, and shorted more. But the next day it went up 10 points, or whatever. So now I try to apply that too.

When I shorted Yahoo, It had gone up 5 days in a row. I stayed with it because the next day it slowed, and of course after that it reversed. This is my current theory with amzn. Lets see tomorrow.