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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.49+0.2%Dec 30 3:59 PM EST

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To: llamaphlegm who wrote (17861)9/22/1998 9:04:00 PM
From: Bill Harmond  Read Replies (4) of 164684
 
I think Yahoo is a special case. They blew the community away last week. I think Amazon needs to reveal more planning before it gets another leg-up, but I don't think there are enough shares outside institutional hands for the shorts to cover, so any kind of fireworks are possible. I have less of a feel for AOL.

I'm expecting a 10% pullback here really soon in the group, based on the extended nature of the McClellan Oscillator which shows the market over-bought now. It could stay overbought, though, like it stayed oversold last month.
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