Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: Jay Rommel who wrote (16416)	9/8/1998 4:05:00 PM
From: Rob S.	Read Replies (1) of 164684

Some comments on the action so far and outlook for this week: The market, inet stock sector and NZMA have moved up solidly today. NZMA is not quite the stellar performer in the sector that it has been in the past but is likely to move up further through this week. Short sellers - watch the trends and TA to determine what to do - wishful thinking will get you into trouble short-term. Many suggested that NZMA would gap down at the open - instead it gapped up in reflection to the moves in the market and other inet stocks. The technical rebound will likely continue - it has been strong throughout the day despite market and international concerns. Longer term (6-9 months), ZNMA is more likely to see south of 60 but for the near term the stock is not likely to crash unless the level of fear and panic in the general market greatly increases, IMO. Bulls(hxtters) who think ZNMA is the e-commerce profit (sic) of the internet age and is destined to move up to enormous new highs - please check your brains for loose screws. The momo has gone-gone and the stock will be hemmed into a trading range unless the Pope grants both Bezos and Covey sainthood.

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