Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.20

-1.8%

3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (44240)	3/7/1999 1:47:00 PM
From: Rob S.	Read Replies (2) of 164684

Amazon does look very vulnerable - a very pathetic showing last week despite an incredible rise in the blue chips. The net stocks have certainly lost leadership and are not viewed similar to the way they were last year. Failing to lead a rally is one thing, failing to participate at all shows just how vulnerable these stocks are. If the rally proves to be short-lived, these stock will likely drop. However, not all TA indicators are negative and if the market moves into another "throw money at anything with hype" stage, then Amazon and others could move up. If that happens, AMZN should meet resistance at around 140 and unless miracles happen won't penetrate that level, IMO. The net stocks should be participating in this rally - that fact that they aren't bolsters the theory that they will move down in the seasonally weak summer period. Investors are sitting on the sidelines waiting for signs to either jump back on board or bail out.

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