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

AMZN 226.91

+2.6%

1:16 PM EST

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To: HG who wrote (41994)	2/23/1999 3:59:00 PM
From: James Thai	Read Replies (1) of 164684

Well, I trade on momentum and sentiment. My timeframe for options is usually 2-3 days. My timeframe on my longs is years. Even though the volumes are lower than the recent averages, we're rallying on increasing volume (much higher than when we were drifting lower over the past weeks). So momentum says up. Sentimentwise, I feel pretty bullish for the short term. Dips are met with buying.. there apparently is cash sitting on the sidelines waiting according to talking heads and various columists (?). This is a change from the past week, where any sort of rally or gap up was met with selling. Analysts are coming out with re-its and that's not hurting either. AMZN shakes off news that losses will widen. To me, that means we're going up. However, can we sustain a rally into the 4th day? I don't know.. if it dips and comes back tomorrow, then I'd explode with bullishness (or bullshi..) Don't trust me on this. James.

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