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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: Rob S. who wrote (15901)9/3/1998 10:26:00 AM
From: Peter Bernhardt  Read Replies (2) of 164684
 
My guess is that AMZN will move up to the 100-105 range if the market doesn't turn down significantly.

Of course when you wrote this you didn't know the market would open sharply lower this morning.

Still, it looks to me like for the short-term the bias is downward. The sell-off late yesterday afternoon broke the short-term up trendline. This morning's trading (and I know it's early) confirms the reversal.

Thanks for the excellent analysis you continue to provide.

- Peter B

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