Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.06

+0.4%

12:23 PM EST

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To: Jan Crawley who wrote (12166)	7/31/1998 12:31:00 PM
From: Rob S.	Read Replies (1) of 164684

Agree but within the context of a general price decline and great short opportunity. The TA on Yahoo! looks very promising; the increased float should spur selling but it is probably best to react quickly. A drop in Yahoo! should reinforce the trend in AMZN. I expect it to move down at least temporarily to 95 before a rebound. The TA indicators look very bearish and until we either base for a while or see a big sell-off, I don't think it has very much of a chance of moving up given the general climate of the market and inet stocks. If we get a move down to 95 or so I will likely cover half of my naked call positions.

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