Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.84

-0.7%

3:59 PM EST

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To: SkyDart who wrote (37322)	1/28/1999 3:43:00 AM
From: GST	Read Replies (2) of 164684

<50 day and 100 day moving averages> Take your pick. At what point will you concede the trend -- when we get below $100 (the 50 day moving average) or $50 (the 200 day moving average)? For those buying at 120 plus, a close below $50 would probably indicate a down trend. Perhaps when we get there you can tell us to sell AMZN because you are now sure the trend is down. Lets see, we were at $199 one week and a half ago, and below 100 this week. Yes? Lets see how $50 looks next week. With the stock down 75% it should be pretty easy to spot the trend.

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