Amazon.com, Inc. (AMZN) Message Board

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

AMZN 221.83

+2.2%

2:27 PM EST

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To: Paul Merriwether who wrote (35787)	1/21/1999 6:02:00 PM
From: Rob S.	Read Replies (2) of 164684

I do not! Look back at my statements over the past several days. I said Amazon had peaked and was headed down on Jan 8th well before the closing move down. Then I said that the Internet stocks would trend down 40%-60% by this summer. Most people probably thought I was nuts (maybee still do!) for making that prediction after being absent from this thread most of the time over the past couple of months. Then I said the trend was down but that we could see a rally that would come shy of the highs. The rally has not materialized but I don't think was a rash judgment to think one might occur - I expected a 'typical' bounce after a 30% pull back. Yesterday I said that AMZN was likely to punch through the 100 level but was likely to come back to the 105 level. OK, I missed it by about a dollar at the close. Now that AMZN and other Internuts have come down aprox. 50% from their recent highs the extent of the move and the TA are starting to show increased possibility for the stocks to stall and bounce back a bit. No, I can't predict precisely if or when a bounce will occur - as I have posted repeatedly in the past, TA is most accurate at the extremes and less accurate in between. When in the middle of major moves, some rules tend to apply but not all indicators tell the same story. Picking trading reversals is much more random. ------- What has been your predictions and how have they compared to mine? Give me tit for tat and if you are more accurate, then I will say I have "sure hedged my position". But I trust that I have been a fairly good guesser and have beaten your own (if any) accuracy in forecasting. Now I think AMZN is likely to see some bounce by early next week but will trade in a comparatively narrow range. Paul; give us your exact predictions so we can be informed.

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