Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.53

0.0%

3:59 PM EST

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To: Jay8088 who wrote (19690)	10/2/1998 3:48:00 PM
From: Sam Citron	Read Replies (1) of 164684

I see what you mean, Jay. The hourlies do seem to indicate right shoulder tops are being completed. But I prefer to look at 180-day daily chart. iqc.com It seems to indicate a more impenetrable triple top (or H&S top at 140) for Amazon, followed by break to 72 and now a reaction to lower end of congestion. Yahoo daily doesn't indicate such a formidable top to me. Amazon and Yahoo are in two completely different businesses, as much as the BS analyst would try to paint them alike. Yahoo is a great company. Though expensive, it has a bright future. Amazon, however, is a complete bubble, with speculators willing to give them an unreasonable premium for a first-mover advantage that will be unsustainable IMHO. Sam

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