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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: GST who wrote (39727)	2/12/1999 1:10:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

GST, <We will se a whole bunch of new 'reasons' next week - one of them will continue day after day -- Japanese selling. > Fine, I understand that. But one thing puzzles me continuously. For instance, if there are people who feel they must own Amzn at this approximate price level, why did they not buy it a couple of days ago when it traded below 100 all day ? Did their inheritance just clear probate today ? It is a source of complete puzzlement to me how nasdaq has the highest one day gain then a few hours later reverse course to try for a record in the reverse direction. Regarding taking profits, I intend to. I previously held the opinion that the trading range will be 90 to 100. It seems now to bottom at 95. So I guess that I too will be dancing the channel jig, hopefully pretty soon. Regards, -Sarmad

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