Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.15

+1.6%

3:55 PM EST

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To: GST who wrote (38171)	2/4/1999 5:37:00 PM
From: Rob S.	Read Replies (1) of 164684

Amazon looks better than several of the Internet stocks . . . the volume has been trending down despite the news coverage and NASDAQ sell-off. The loss today really wasn't that bad. This could be a set-up for a bit of a rally or could be the last resistance before it plunges - how is that for hedging? . . . the chart TA doesn't strongly suggest one direction or the other: a rebound even in a bear trend is typical but one has failed to happen yet despite news coverage and other events that probably would have sent the stock to Venus if they had hit late last year. All the stock needs is a small shove, IMO, and it will head downhill.

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