Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.96

+0.2%

11:14 AM EST

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To: Glenn D. Rudolph who wrote (8391)	7/1/1998 9:38:00 PM
From: bobby beara	Read Replies (2) of 164684

Glenn, don't let the bulls beat you up, your fundamental views of this stock are right on, however this market (mania) does not trade on fundamentals. I'm a reformed fundamentalist and only trade on technicals. On an elliott wave basis, we could be on the 3rd impulse wave up off the 44 low (which would be the 5th wave) My target for this wave is 132, which could be tommorrow. Today's big price move was on significantly lower volume than the last major up moves. This is a topping indicator and a BIG divergence technically. Your captilulation is also a sentiment indicator that we could be near a top. As you have probably learned (i have also learned the hard way) you shouldn't short strong stocks, should always have a stop loss, shouldn't become emotionally involved. before you throw away your hard earned money, maybe you should seek out the help of a seasoned trader before you make your decision. Stan Harley, Don Wollanchuk come to mind. There is a guy at taguru.com that is pretty good. good luck bb

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