Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.05

+1.3%

12:03 PM EST

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To: The Freshmaker who wrote (42417)	2/25/1999 11:24:00 AM
From: Rob S.	Read Replies (1) of 164684

Amazon is continuing to peg up against the resistance level at 120. Despite the DrugStore.com news and rah-rah recommendations from analysts, an event that would have caused this stock to skyrocket 30% or more just a couple of months ago, Amazon fails to gain momentum beyond the expected technical rebound. Volume remains modest despite the hype factor. Still, the DrugStore.com acquisition makes sense for Amazongonenutty.com - they must diversify into more protectable sectors or they will be relegated to razor thin margins that will become indicative of commodity Internet sales. ANALS refuse to acknowledge this already apparent trend toward severe Internet price competition. Basking in the sun or rapid growth, these fish mongers hawk the high priced catch of the day. Before the fourth chapter is written, this fish story will start to smell. Within two years, the stench will be unbearable! There will be a time to buy the net stocks for another ride up - it just isn't the time now unless you are fortunate enough to participate in over-subscribed IPOs and newly discovered issues that are still reasonably priced. Go Amazongonenutty.com!!! Upward to 125!!!

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