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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 228.69-0.4%10:39 AM EST
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To: Jan Crawley who wrote (23784)10/30/1998 10:18:00 AM
From: Rob S.  Read Replies (3) of 164684
 
Excellent points. I agree with your thinking. Although the sales numbers and success of the music venture was better than expected, other significant announcements didn't happen; a split or secondary or announcements of grand new alliances or product areas. It looks like AMZN is on the way to test the 130 level but is not roaring through that level as some bulls have posted would happen. The market is favorable as well with the tech stocks moving up strongly. With all these factors being positive, Amazon still appears to be meeting resistance. It will be interesting to see if the analysts love-fest runs out of steam and the 130 level holds. We should get a drop after a few more days of run-up. There was a lot in the recent earnings announcement and cc to support the theory that Amazon is building on past momentum but there is still the fact that the stock is already far ahead of the "story" of future sales & earnings, let alone the fundamentals.

Very good advise - "be conservative, not too greedy!" That is something you have demonstrated yourself over the past several months - something hard to do when recovering from losses because the temptation is to try to make them up quickly and recklessly. Congratulations and thanks for your contributions to the thread!
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