Amazon.com, Inc. (AMZN) Message Board

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

AMZN 227.20

-0.1%

10:56 AM EST

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To: H James Morris who wrote (141299)	4/3/2002 3:07:13 PM
From: Ted The Technician	Read Replies (1) of 164684

Why Amazon's Flowing Downhill From Here Back to AMZN... From Yahoo. Anyone know what reason was provided for the negative view? --------------- Why Amazon's Flowing Downhill From Here By Glenn Curtis Columnist Last month I speculated that Amazon.com (NasdaqNM:AMZN - news) stock had likely hit bottom. My reasoning: Bezos & Co. was cutting the flow of red ink as promised, and the bookseller was steadily broadening its product arsenal. But now, with the stock down almost 20% from its high of last month, I'm thinking my call was a bit premature. I think investors should sit this one out until there's some real sustained good news or a sharp drop in the stock. Either of those events could reopen the Amazon-as-value case.

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