Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.38

+0.4%

3:59 PM EST

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To: James Strauss who wrote (16650)	9/10/1998 12:46:00 PM
From: Mark Myword	Read Replies (1) of 164684

>>We've crossed that 79.00 threshold to the downside without the bounceback we had last week... We now have both the Technicals and Fundamentals in sync to the downside... The Dam is ready to burst << James - I couldn't agree with you more. This stock is headed to the $40 range in a big hurry. At that point, it will be around 4 times overvalued, instead of eight. The third quarter (loss) numbers, in conjunction with the broad selloff that is occurring, will completely trash AMZN. Only the lunatics will be long at that juncture.

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