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

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (42903)	2/27/1999 1:03:00 PM
From: Mike M	Read Replies (1) of 164684

Do you have any theory of what triggered amzn drop from 199 to 84 ? Good question, Sarmad! Probably the age old story buy because it is going up (greed), Sell because it is dropping and I don't really know why I bought it(fear).... This rise is not untypical...of a rally in an ongoing correction. Mediocre volume and sharp rallies. My best guess is that once the stock fails to hit a new high on a given day,...the rally may begin to die....sometimes the rally is an A,B, C (two thrusts upward around an interim decline)...But we had one of those after the first ELLIOT decline (down to 92)... I don't think Mark is planning to hold for very long....He has a pretty good feel for when he is no longer comfortable...holding. Gotta go for now... Mike

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