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 4:04:00 PM
From: Rob S.	Read Replies (1) of 164684

There is a lot of resistance built up at the 115 level and then again around 130. You don't have to understand charts to understand that when a stock makes several attempts over a period of months to push through these levels but fails that this corresponds with the fact that many investors who bought the stock at lower levels are willing to take a profit there and many investors who bought when it moved up to those levels will be happy to get out when it returns. Fear and greed. When the stock moves to what is now perceived as the lofty levels of 120-130, their have proven to be plenty of fear to off-set the speculation that it may go even higher.

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