Amazon.com, Inc. (AMZN) Message Board

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

AMZN 219.57

-1.4%

12:28 PM EST

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To: Jan Crawley who wrote (35759)	1/21/1999 10:59:00 AM
From: Rob S.	Read Replies (3) of 164684

We've met the 105 level and it appears to be holding for now. I think it will float around this level until next week when earnings are due out. As I though might happen, it dropped quickly below 100 and then came back to the level established from DEC 20th through JAN 4th. AMZN didn't spend much time at that level but a lot of shares were traded there. I don't think that is a floor on the stock but may hold until the perception is tweaked by the earnings or further adjustment in the general awareness of Internet speculators. We've already had 10+ million shares traded this morning while the stock has rebounded - signaling that more investors are coming in to pick up a "bargain" they missed during the previous run up. The trend remains down and it could go in either direction, but probably not before some sideways action.

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