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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST
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To: Mark Fowler who wrote (24320)11/3/1998 4:38:00 PM
From: Rob S.  Read Replies (3) of 164684
 
No. I am "playing it safe" and waiting for the chart to confirm a top. I may miss out on the absolute top but capturing the "heart of the move" is much safer than trying to get every percent. Mark, I think AMZN has likely peaked during this cycle and won't go up past 134. I expect a significant drop in the next 2-5 weeks - down to around 105-110. That's not enough to be more than a "normal" correction for this stock. We'll see.
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