Amazon.com, Inc. (AMZN) Message Board

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

AMZN 237.24

-2.2%

2:35 PM EST

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To: Robert Rose who wrote (69009)	7/22/1999 9:09:00 PM
From: Bill Harmond	Read Replies (4) of 164684

>>Just to clarify: you are suggesting the above for amzn. If so, are you not concerned? What does this mean? Right shoulder declines from a possible head-and-shoulders are always scary, because the damage is usually predictable. On a log chart take the distance of the head to the neckline and measure the same distance below. In amazon's case that's about $50. I'm not suggesting anything. I don't have any idea where Amazon will trade next. I'm pointing out that right shoulder declines are scary. After a pattern like this longs are weary, shorts emboldened, etc. Add Blodgets remark that momentum players will probably leave the stock today (I'm surprised any were left) and this is what you get. Blodget's particular remark wasn't about fundamentals, while Braverman and Meeker stuck to their knitting in my view. Braverman said to prepare for the holidays and reiterated his buy rating and $210 target. Mary jumped on the revenue ramp like I expected, but couched it that Q4 could be "up 40% or 100%" sequentially. Her guess is as good as anyone's.

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