Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: IMPRISTlNE who wrote (12453)	8/3/1998 11:36:00 AM
From: Rob S.	Read Replies (1) of 164684

I wrote the JAN 115s, 125s and 130s. Yea, my posts are too long. I think AMZN will trend a bit lower and then may get a technical rebound next week or the week after. I'd wait until then to sell more calls. The overall trend looks very bearish with a resistance levels now formed at 110-120 and primary resistance at 135-140. This may be less meaningfull if the float is being controlled as many think it is, but I'll bet that they who control the float are much more apt to use TA to determine how to "play" the price movement to their benefit. Maybe that is a good part of the reason the stock has had such wild swings. My guess too is that the stock will establish lower resistance levels as the year wears on.

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