Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Glenn D. Rudolph who wrote (6869)	6/20/1998 2:39:00 PM
From: Peter Church	Read Replies (2) of 164684

Thanks Glenn---Could be that Friday's move up was option related, but this pattern of afternoon lull and drive higher to the close is still intact if somewhat disturbed. I expect the pattern to repeat Monday and the stock to peak at 80 again. Why not? It's worked fine so far except for one day. If the stock doesn't rally twice in the day, then the pattern is broken and we are probably in a new ballgame. The strong Buyers will have to stick their necks out on Monday morning to lure the weaker afternoon buyers in and unload their shares. I expect there will be a major uptick on Monday morning. The static afternoon lull is the critical part.

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