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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 241.56

+0.3%

Jan 7 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (41237)	2/19/1999 8:57:00 PM
From: Sonny Blue	Read Replies (1) of 164684

>> Was it luck, or is there a method to the madness ? A little bit of both and have some conviction (vis a vis WH)! Technically, it is just so oversold (down 4 days in a row) that with just a bit of buy recommendation will set fire on it. Look at a long term chart, AMZN is a buy everytime it went below 50 DMA. Emotionally, it is a stock everyone love to hate (like Microsoft years ago) and fear. So when it reverses, shorts will run for cover and momentum players will jump in. Fundamentally, ... well you have to do some research here, but don't focus too much on earning. If you do, then probably you missed out the great move of AOL for the past few years. Psychologically, I don't mess with any stock recommended by Motley Fools. They have a big following and these guys buy but rarely sell. It's like the DELL's cult - they're all deeply in love with the stock. <G>

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