Amazon.com, Inc. (AMZN) Message Board

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

AMZN 231.69

+1.7%

Dec 10 3:59 PM EST

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To: Marconi who wrote (15055)	8/28/1998 12:58:00 PM
From: Rob S.	Read Replies (2) of 164684

I think that we are seeing the support level come in at around 110 and I don't think it will drop down through that level as a basing area until a lot more action above the level. We could see it pierce down to 95 briefly but I don't think it's likely to settle in there. The stock is broken at least from the perspective of being able to quickly mount moves to new highs. At the least, a trading range has ben more firmly set. I was threacherously confident that the stock would not move above it's range on past attempts and am much more confident now. This has to be conditioned on some unknown news entering the picture - like Microsoft buying NZMA out for $10 billion (yea, right). We may see a late in the day sell-off as nervous investors and fund managers may want to ease their nerves for the weekend. Short-sellers: sell at the close! Buy sometime next week (or move onto greener pastures)!

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