Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Olu Emuleomo who wrote (40412)	2/16/1999 5:16:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Olu, < With AMZN, 73-80 represents an area of significant support.> You are right, but I see that range as approx 60 to 70 (200 pre-split). Actually I see 95 as a stubborn support level. But after that it down to 70. I think the company will turn on the hype very soon, in prep for Q1 report. I would not be surprised to see a run-up to 150 or higher. I think "they" will run it up to get the bonds closer to the conversion price, so the company does not have to pay the debt. I don't think it will stick, but I think they will try their best. Without the conversion, it is on to bankruptcy. -Sarmad

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