Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.95

+0.3%

3:59 PM EST

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To: Rob S. who wrote (41235)	2/19/1999 7:28:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

Rob, << Amazon broke the down trend today and will possibly rise back up to the 120 level - a rebound that can be dramatic but won't upset the downward trend, IMO. Go with the flow. >> Today was very impressive. Buying all day with no letup. Close at the high. Everyone wanted to take it home for the weekend. Some of it had to be short covering, but I think there was genuine "bargain" buying. The volume was large today. And it wasn't roundtrip daytrading. It was relentless buying. So a follow through to even 140 is possible. If, however, it does like the 2 previous pop-ups and fizzles on Monday, then I think 80 is coming fast. Especially if it gaps up on Monday goes even higher till 2: PM, then the selling starts. This is not a strange scenario, since that's what happened last week. -Sarmad

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