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: M. Frank Greiffenstein who wrote (22179)	10/19/1998 11:57:00 AM
From: umbro	Read Replies (2) of 164684

Doc, on Amazon's chart, quote.yahoo.com I'd look at this as a stock that has tested the low end of its range (in the 70 area) twice, and is trying to move back up. I'd look for resistance in the 110 area, and expect the stock to retest the 125 to 130 area. Why Amazon trades so bullishly, I haven't a clue. I wouldn't look at today's price topping out in the 106 area as being particularly negative. It is a 10-day high after all. Also, I think the fact that the B&N & Bert news, and the Walmart suit haven't slowed this stock down, is bullish for AMZN.

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