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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.05+2.9%Jan 5 3:59 PM EST

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To: Randy Ellingson who wrote (20547)10/7/1998 3:32:00 PM
From: Gil Gilbertson   of 164684
 
I have watched the feeble rallies. It seems they run out of
steam at 106... My guess is the only major buyers are a few
traders and those who are covering shorts. I dont think the
major short players will cover until a stronger downside break
on greater volume. They need a panic day as AMZN holders get
scared finally and head for the exit. I would not worry about
yhoo they are unrelated and have different problems. Any bounce
will probably be enjoyed by the pros to short additional shrs.
Tomorrow is cover you A--s day for the people who have had a
strong buy rating as they readjust their projections....
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