Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (63876)	6/22/1999 5:41:00 PM
From: Tradegod	Read Replies (1) of 164684

Everyone just remain calm: There's a huge difference between today's selloff and those of the last 2 weeks. Namely it was market wide. The nets have clearly shown buying interest and have been moving up on increasing volume. Most of the leaders have broken through upside resistance in the last few days: (YHOO-149, AMZN-119 for example). Today's selloff was triggered by someone priming the S&P futures starting about 2:00. Amzn's and Yhoo's drop were no worse than SUNW's and only slightly worse than Msft's or Dell's. Tuesday we get the rate adjustment (presumably) and it' back to business. Worldwide PC growth looks healthy as of today's PC EXPO, rates are still low and the Internet is the biggest thing any of us will probably ever see in our life time.

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