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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 237.58-2.7%3:59 PM EST

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To: McNabb Brothers who wrote (70172)7/27/1999 10:32:00 PM
From: Lizzie Tudor  Read Replies (2) of 164684
 
Well, if amazon doesn't fall to 60 I think the bear case on this stock will be foiled again. Amazon was in the 90s during the last correction and popped (I think) because of the new electronics and toy stores. If amzn holds at 90 during the aug/sep or whenever lows then I believe it will take out its old highs of close to 200 by Dec.

I'm just contesting the "amzn in a down trend" position. Some net companies are in a down trend but unless amzn breaks 90 to the downside its still pretty healthy I think.

Flame away Kis!
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