Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.52

+1.1%

2:03 PM EST

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To: OtherChap who wrote (25746)	11/11/1998 11:57:00 PM
From: umbro	Read Replies (1) of 164684

Now, the question is, why did netscape suddenly collapse? OC, Netscape collapsed because Microsoft took them out at the knees. The big internet stocks are likely not going to collapse on their own, as long as their growth story is in tact. It usually takes some sort of "event" to really get the ball rolling. That event might be another currency crisis, or a huge spike up in rates, or unemployment, or big drop in consumer spending ... something macro-economic. But until that happens, I'd expect AMZN to trade in its 70 to 130 range. EBAY on the other-hand could collapse to 30 in the blink of an eye; at 3mil. shares it wouldn't take much to cause the floor to drop out.

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