Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 225.67

+1.3%

9:45 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom D who wrote (64795)	6/27/1999 2:01:00 PM
From: Robert Rose	Read Replies (1) of 164684

Tom, I probably should have put my TA remarks in broader context. As you know, the FOMC meeting is Wednesday. I am expecting the Fed to do what most others expect - increase rates .25%. Thus, that rate is already priced into the market (or more). Hence, once the uncertainty is removed on Wednesday, I expect a moderate to strong relief rally to last until at least Yahoo reports earnings. With respect to athm, this means that like other inets, it should tread water until Wednesday, then rise moderately to strongly at least until Yahoo reports. Therefore, decision-making based on TA is the conservative thing to do now (no surprises). OTOH, decision-making based on FA may be the more prudent, if riskier, thing to do. fwiw.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next