Amazon.com, Inc. (AMZN) Message Board

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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: Rob S. who wrote (24322)	11/3/1998 4:47:00 PM
From: zax	Read Replies (1) of 164684

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. I think if it begins to tank, the FED will drop the rates again, and it will get up to the same level. The strategy, in my opinion, is rather like lowering the water instead of raising the bridge. Thus, the highest beta large cap momo's don't "crash"... they just don't participate in the recovery that the rest of the market enjoys. MHO. -- Eric

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