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

AMZN 222.55

-4.4%

3:59 PM EST

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To: Jan Crawley who wrote (24177)	11/2/1998 3:50:00 PM
From: Sonny Blue	Read Replies (1) of 164684

YHOO: >>Any quick technical comments? Yhoo just broke out into a new high. It might pull back a little here but the momentum is so strong that I think it would continue to move higher for a while. My best guess is that it won't stop till it reaches 160 area (+50% from the current 50 DMA). That's how it moved in the past, if you look at the chart carefully. I would not want to short YHOO at 145. Do you how many fund managers and momentum traders buy stocks at NEW HIGH? Quite a crowd. Well, YHOO is hitting 145 as I write this.

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