Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Skeeter Bug who wrote (15674)	9/2/1998 11:03:00 AM
From: Rob S.	Read Replies (4) of 164684

I think NZMA will find a new range for a while and will likely pull up from here a bit. I don't expect it to shoot up to 130 anytime soon but the 95-105 area is reachable. I don't think it will move down to bellow 70 anytime soon and probably will not drop lower than 80. This is based more on gut feeling for the market and expectations that inets will get pumped up again by the brokerages who want to hype their IPOs than TA of the stock. I sold some puts on NZMA yesterday and will sell more if it drops again. It's risky until a support level is established but for now, I'll go with my "gut feeling". As for the "value" of NZMA, my opinion hasn't changed at all - I still think it is grossly over valued.

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