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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%Dec 1 3:59 PM EST
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To: OtherChap who wrote (21641)10/15/1998 10:31:00 AM
From: Verkaylac  Read Replies (2) of 164684
 
interesting triangular pattern forming on amzn on daily logarithmic chart. Range bounded by falling tline now 111 and rising tline now 83.

Range will contract. Major resolution by end-of month I suppose. Looks as if this stock will either be 150+ by mid Nov, or 40.

I hate the stock, but I'm beginning to feel that it will be jiggled to the upside. In a mkt where no one cares about even reasonable valuation...all that matters is hype. People will gladly pay 150+ for a stock with tens of millions of dollars in losses and no possible turn for years.

But who said the mkt does what is logical and rational. Any thoughts?
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