Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.37

+0.2%

3:59 PM EST

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To: Oeconomicus who wrote (2113)	3/10/1998 5:59:00 PM
From: Don Westermeyer	Read Replies (1) of 164684

Bob, I've seen a lot of internet bulls get brave over the last few days. It probably indicates a top (at least short term). I swear a guy on the ONSL thread is absolutely giddy! I think I'll short more AMZN along with ONSL and YHOO tomorrow (only small positions in each though). OTOH maybe I'll just be a chicken and watch a bit longer. Can you believe these balloons are considered 'safe havens' over stocks like INTC and MSFT!!!? By the way, I consider most TA to be complete BS (sorry TA people). Every legitimate study I've read on the subject concludes that TA only works about as well as a coin flip. Example : According to 'Second Opinion', AMZN was rated an 'AVOID' just before the stock too off from $50. I'd say it missed the boat on that one. Second Opinion is a TA based predictor available on the internet (sorry I don't remember the address).

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