Amazon.com, Inc. (AMZN) Message Board

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

AMZN 228.31

+0.4%

1:41 PM EST

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To: gjhinc who wrote (44446)	3/7/1999 11:34:00 PM
From: GST	Read Replies (1) of 164684

William won't admit it, but the relief rally we got going Friday -- actually on Thursday as the relief rally became obvious to everyone -- well almost everyone -- well, that relief rally is going to let us chart a new course with an upward bias for at least a week. It could become a buying panic, moving upwards with more force than anybody would expect -- like the early January action. Investors went into January expecting a sell-off and then got whacked in a bit of a buying panic, especially in the net stocks. For myself, I won't fight the tape on this, and I expect to see a parade of analysts talk about the improved technicals in the market this week. AMZN will likely get caught up in this -- although it has been pathetic for a few days. Even INTC could rally.

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