Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.06

+0.9%

2:27 PM EST

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To: KeepItSimple who wrote (30847)	12/22/1998 10:26:00 AM
From: jach	Read Replies (1) of 164684

Give it a year, the most. AMZN will be 50$ or less. Market dynamics have changed in a big way with Internet trading. The pros and people that being around would not touch this, but the small traders (trading between 25-100 shares) will go on. Ten thousand trades of 50 shares is 500K shares already, And, there are much more than 10,000 people on line these days. Housewifes to college kids are buying and selling these and up till now the keep-on-buying strategy works. It will need a consistent pressure on AMZN for 7 to 10 days to scare some of them off. IMO, the largest downslide in AMZN history will start right after the earnings release in early Jan. At this point, every 20% rise is a selling opportunity.

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