Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.99

-1.1%

3:59 PM EST

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To: Jan Crawley who wrote (13579)	8/14/1998 4:16:00 PM
From: Rob S.	Read Replies (1) of 164684

Glad to see it worked out this week! More to come. I think my guess was a close of 120-124, is that right? It looks like AMZN closed at 122 3/4 - just got it in at the wire. It was good to see that shorts didn't wait until the last minute to step all over themselves to cover. Nice finish on a confirming week. There is a lesson in the past trading activity - AMZN is driven by by fear and greed rather than FA. Some short sellers walked into waiting arms of the bulls to drive the price up against themselves. That's bound to happen in the future to some degree, but maybe Amazon bears have learned that they can trust the trend and will not panic quite so much when the next technical rally happens. Sure it will happen - as long as a brokerage stands to make a bundle and new lambs can be urged to slaughter by the media driven internet hype. So lets be a bit more cool and confident if we can - and make lots of money!

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