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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (41736)	2/24/1999 4:19:00 PM
From: Rob S.	Read Replies (2) of 164684

We saw the expected rise to the 120 level today and then Amazon sold off despite the news of the investment and alliance with DrugStore.com. I would have thought it too early for a "key reversal" - haven't downloaded and looked at the TA yet - what do you think? - Is this the top of the rebound we expected or does it have some more legs left because of the announcement? IMO, the tech stocks will be fried soon and there won't likely be a clear time to buy them again until this summer. It should be a fair-good stock traders market but bloody for long term investors.

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