Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Rob S. who wrote (45045)	3/10/1999 6:49:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

Rob, >> The short-term TA looks like AMZN will move up. I agree, and I am holding most of my shares. I sold a little today. Not because I think it is going down, but to reduce my margin exposure. I think there will be at least a mild gap up tomorrow, and the open buy volume will indicate how much strength this up move has. Today's open volume was 183k. If it is much less, then it will stall, but if it is higher, then $150 is coming next week. There was a lot of buying at the close today. I wonder if they were short covering, or buying in hope of selling into a gap up tomorrow. Maybe Jan will tell us. I think she is the expert on that.

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