Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: put2rich who wrote (11940)	7/28/1998 8:02:00 PM
From: Rob S.	Read Replies (2) of 164684

So little faith! There is so much speculation surrounding this stock that it will remain risky no matter what position you take. My guess is that the stock will continue down. The TA certainly compels that belief. Then the number of short sellers has probably been reduced substantially recently. The rest of the summer should be boring to the Amazon.com momentum investors so they may stay clear of it. Then, I understand, there should be another 1 to 1.5 million shares going into float before the end of the quarter. If I was a holder of those shares I would judiciously sell them rather than hope for more speculation. So my gut feel and logic tell me that AMZN will trend down to around 90-105 before it mounts a major rally before the end of the quarter. (Wild-assed guess)

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