Amazon.com, Inc. (AMZN) Message Board

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

AMZN 247.35

+0.4%

Jan 9 3:59 PM EST

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To: Raiders who wrote (25992)	11/14/1998 5:46:00 PM
From: Gary Metzer	Read Replies (1) of 164684

Raiders et al, Re: I have a very strong feeling that Internet stocks especially AMZN is going to collapse. I agree with your assessment. Rather than boggle one's mind with charts for a bunch of internet stocks, just plot COMPQ (Nasdaq Composite) and check out MACD, Stochastics or any other indicator you choose. Top occurred last week and it's down from here for at least a couple weeks. Over exuberence in I-net stocks is another indicator along with Dell's drop. Even though I made good money on a couple eBay trades this past week, right now I only hold ASND and CYMI making up less than 15% of my holdings. Rest is in cash and will be earning interest until turnaround. Happy Investing. Gary

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