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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 3:59 PM EST

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To: Rob S. who wrote (14988)8/28/1998 10:47:00 AM
From: Peter Bernhardt  Read Replies (2) of 164684
 
We have already seen 112 on the day and I suspect more weakness toward the close unless the market tries to stage a major rally.

I'm surprised at how swiftly this went down today. I expected a bit of rally this morning after yesterday's sell-off.

If the downtrend continues, AMZN should find some support at 110. If it closes below 110 ... hmmm.

But what's the use of speculating? This stock (more so than any other) defies rational analysis.

- Peter B
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