Amazon.com, Inc. (AMZN) Message Board

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

AMZN 231.64

0.0%

9:44 AM EST

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To: Rob S. who wrote (62626)	6/15/1999 11:36:00 AM
From: Sam Citron	Read Replies (1) of 164684

Rob, I assumed Amazon would test support at 90 as soon as I saw the Barrons article a couple of weeks ago. Given what has happened to the entire internet sector since then, I think that Amazon has held up rather well. Amazon has tested support at 90 three times: mid-January, mid-February, and now in mid-June. The support level gets stronger each time it is successfully tested. Three times may be the charm. It has no intrinsic need to retest this level, but the support helps to limit its downside risk. If I were trading it, I would place sell stops in 87-88 region. SC

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