Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: Jan Crawley who wrote (12664)	8/5/1998 3:57:00 PM
From: Rob S.	Read Replies (1) of 164684

I think the next stop is 95. Cover on the way down if you like. The company has cast their fate and their recent announcements have not met their mark. The stock looked ready for a technical rebound but that only amounted to a momentary rise to 114 that was quickly dispelled by renewed selling. I feel more downside is coming as the company has broken the very vision for the future that many advocates have imagined. So, I see a breakdown both from the TA and from a gut-level assessment of the way people size up and feel about Amazon. Then you can start factoring in increased float that will pour into the barrel as it falls over the waterfall - making it sink that much faster. I sold some more calls today. Sell on ANY moves up until this picture changes (an act of God that wipes out all other competitors?). Jan, Maybe I am getting carried away here. Use your own judgement but the direction does look down from here to me.

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