Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.27

-0.6%

Dec 11 3:59 PM EST

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To: Tenpole who wrote (14219)	8/21/1998 11:13:00 PM
From: Mike M	Read Replies (2) of 164684

<<Combined with last Thursdays Shooting Star, it is amounting to strong confirmation of the top. >> I'm not so sure, Ten....My chart still doesn't confirm a top...In fact a blast above 134 would suggest we could have considerable more to go.... I think AMZN has had plenty of opportunity to slide in the last few weeks and certainly did today.... I know the company is not worth this extraordinary price but Shooting Stars and Hanging Man's are easily invalidated by a surge in stock price....This stock may be manipulated, it certainly defies gravity, but I see no confirmation that it is going down right away..... On the other hand.....a shot below 118 could change my mind.....and, anyway, when this final run ends from wherever it rises to....AMZN is in deep trouble for a long time..... I am just not ready to call the top yet....I wish I were.....I had some October puts that I had to give up on and take a pretty good bath.... Regards, Mike

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