Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.51

+0.1%

3:59 PM EST

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To: GST who wrote (38188)	2/5/1999 12:46:00 AM
From: Howard Hoffman	Read Replies (1) of 164684

Look at the volume on EBAY today. It has the most bearish of the 10 e-stocks I watch. It was down 14% on 2x volume. The chart looks like a 3-headed head and shoulders approaching the right side neckline (around 180) from the 3rd head at 300. EBAY is now at 239. How many people own just one of these e-stocks? How many on-line "investors" are diversified? How many own nothing but e-stocks? If this is the beginning of the big fall, it would make sense that it was led by EBAY, with an IPO 6 months ago at 18 and a recent peak of 300. That exceeds the NSCP IPO hysteria by quite a bit.

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