Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: Rob S. who wrote (23701)	10/29/1998 4:33:00 PM
From: Mark Fowler	of 164684

I doubt that Amazon will make new highs before pulling back to the 105-110 level. The added fuel of the earnings report and upgrades will likely burn itself out on the overhead resistance when it reaches 130-135, IMO.<< Yes i suppose Amzn will pull back some after a run to 130 or better. It sure looked good today. I don't know how much to factor end-of-year window dressing but assume that it will not mean as much as other factors - this stock is not primarily an institutionally driven play.<< Rob, window dressing is usually a big factor and could push Amzn to new highs in latter part of Dec. and first part of Jan.

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