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

AMZN 221.24

-0.6%

Dec 17 3:59 PM EST

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To: Glenn D. Rudolph who wrote (21805)	10/15/1998 10:55:00 PM
From: Mark Fowler	Read Replies (2) of 164684

Glenn, i'd leave both Amzn and Yhoo boxed their should be more rallying because on technical strength, a whole lot more short covering, and options expiriations. Also a lot of the bad news is out on earnings and now comes the good news. I see more interest rate cuts down the road and so does the street. Next week the drug stocks report and there should be good surprises there. And on a technical note don't make the mistake of comparing Amzn to Aol and Yhoo on point rises Amzn tends to lag a bit at first but will rise with the tide and should revisit 120 or a little higher. Yhoo i think will revisit the 130's. The momentum indicator on the iix has just started to move up smartly again in negative territory today and has a ways to go to reach zero and, hopefully, on into positive territory. Well hope that helps good luck. And Glenn, I can almost hear you say, "Oh no not again" :>)

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