Amazon.com, Inc. (AMZN) Message Board

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

AMZN 247.47

+1.3%

10:48 AM EST

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To: GST who wrote (114549)	1/6/2001 11:26:51 AM
From: marginmike	Read Replies (1) of 164684

I think the Bears, me included are painting ourselves into a corner. It is obvious to me the market is trying to make a short term bottom here. The problems That we are all predicting will take time to demoralize the system. We will still get are rally to 3000 before we drop below the Mendoza line. The only exception is if market volume pickup on the downside MON-TEUS and breach old LOW. My gut says those calling the low volume re-test are correct. A one day free fall and bounce to finally wash out the speculation is not impossible either. For now Put's are too dangerous IMHO. This fallout could take YEARS to rectify!

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