Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: Oeconomicus who wrote (17488)	9/17/1998 5:39:00 PM
From: Jay8088	Read Replies (1) of 164684

I think it will be a great weekend for AMZN shorts. Chances are good that AMZN will break the support at 70 tomorrow - especially if Japan collapse to a new low. Internet stocks, YHOO, AOL, and especially AMZN are trading purely on psychology. Now that Montgomery sales talks are over and people start to realize the gravity of oversea turmoils, internet stocks with fantasy valuation can drop like rocks. Once the momentum buyers decide to lighten up, there will be NO, NONE, NOTTA, ZILCH value buyers to take the other side of trade on these bubbles!!

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