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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 228.44+0.5%Dec 22 3:59 PM EST

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To: Bill Harmond who wrote (97535)3/27/2000 1:34:00 AM
From: Rob S.  Read Replies (1) of 164684
 
Technical analysis on Amazon looks like it should move up, perhaps after first trending sideways with an upward bias for a while. It will probably meet significant resistance when it gets to around 86-90. I don't think it will challenge new highs until latter this year or next. Amazon needs to prove that they can reap efficiencies of scale and tame their lavish spending habits before investors are likely to reward them further IMO. Getting into the summer, I would be careful about a pull back.
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