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: Bill Harmond who wrote (35701)	1/21/1999 2:13:00 AM
From: GST	Read Replies (1) of 164684

William -- <<I think this correction will take months.>> The stock may bounce once or even twice along the way but how can this take months instead of days? There is no basis for identifying 'support'. Wasn't it you who said support was at 160 and I asked 'why, cause it has been there one whole day?' and you said 'yes'? As for the 35 cents, I don't think it will go that low (just kidding). But based on the facts it seems the trend is down. As far as I can see, any thought of this thing going into a meaningful counter-trend rally are just wishful thinking.

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