Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.22

+0.5%

10:55 AM EST

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To: Lizzie Tudor who wrote (71503)	8/4/1999 9:37:00 AM
From: Klinger	Read Replies (1) of 164684

Michelle- Yhoo and Amzn are still hanging on to support by a thread. AOL broke support, but it bounce back a bit at the close. I think the risk/reward ratio is better to the upside than the downside at this point. Sentiment is pretty negative, interest rate yields have gone back up, some of the leading nets are at or just under support. I think the market has priced in a lot of fears(interest rate hike, y2k, etc) so any positive news that comes out (jobs data good, fed doesn't raises rates, etc) will give a nice boost off the support. However, we still can go much lower, but I have started slowly scaling back into some of the leaders (yhoo and aol to be exact). No amzn just yet. Just not as confident about it's future as the other two.

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