Amazon.com, Inc. (AMZN) Message Board

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

AMZN 208.00

+0.5%

9:30 AM EST

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To: Paul Viapiano who wrote (69907)	7/27/1999 12:36:00 AM
From: Rob S.	Read Replies (2) of 164687

Amazon is at a critical point now. Looking all the way back to January and April highs, some of the long term indicators have eroded severely . This is, IMO, one of those critical junctures in which the stock can either hold support at 100 or fail and stampede sentiment to the downside. I think Bezo was astute enough to see the situation clearly and that determined the upcoming stock split. As we have seen, splits have helped Amazon in the past. But not much has helped Amazon recently despite there having been several announcements of acquisitions and deals. If I were long, I would hedge my position. If it holds and starts a recovery, then pull out the protection and remain long. But it can go either way - it is unlikely to move past 130 (25% up)anytime soon but could fall to lower than $70 (35%+ downside). This stock is no picnic for longs or shorts, IMO. The charts are inconclusive.

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