Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.29

+1.3%

3:59 PM EST

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To: Paul Merriwether who wrote (35898)	1/22/1999 12:22:00 AM
From: Rob S.	Read Replies (2) of 164684

Here's some more prediction of what I think will happen with this nutty stock: AMZN will bounce around a day or two but will rebound 20 points or more to around 230-240 before running out of steam. I can't know what junk management will say during the cc that might cause speculators to lob more money onto the stock, but I don't think it will be anything that will prevent Amazon from continuing the broader trend down. On the rebound move, investors will get nervous quickly and the stock will fail to test near the previous highs. I don't think it will move past 240 but I would be foolish to rule that out completely. I'm not short AMZN now and will wait for the next opportunity for the odds to look favorable. For a 3 month or longer time frame, it's not a bad time to sell the stock or short it.

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