Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: OtherChap who wrote (20439)	10/7/1998 3:07:00 AM
From: Jay8088	Read Replies (1) of 164684

I do think the market could be up 200+ points to approach 8000 level. But that would be it before THE BEAR takes charge once again. YHOO may form a double top tomorrow and AMZN may pop up a little. However I do agree with you that YHOO and AMZN would be sold down hard as soon as Thursday. After this great YHOO earnings news, investors have to think about deteriorating US economy and possible recession next year as well as these stocks' ultra high valuation (AOL is tanking already). Once big boys decide to take profits, YHOO and AMZN could fall fast. AMZN may fall even faster. I certainly hope to see AMZN in the 70's by next week. I may yet be able to salvage some October puts and roll them over to November in a hurry!

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