Amazon.com, Inc. (AMZN) Message Board

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

AMZN 231.35

+0.1%

Jan 21 3:59 PM EST

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To: Jan Crawley who wrote (14833)	8/27/1998 4:42:00 PM
From: Bill Harmond	Read Replies (2) of 164684

This market reminds me of 1990. Unless we're going into some economic meltdown (which means it would have to take the US economy into a recession) then I think it's best to trust the future and keep my bets on the table. As Don pointed out, the Internet leadership isn't underperforming. There were all manner of technical sell-signals today for the broad indices. There was pure panic selling late today when the Nikkei futures stayed down at -700 or so in spite of our market's rally attempt. I'll give it a day or two. Nasdaq volume was higher today than the October 27 mini-crash last Fall. Not that it won't, but Amazon hasn't broken any intermediate support.

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