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

AMZN 232.07

-0.2%

10:38 AM EST

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To: Sarmad Y. Hermiz who wrote (45310)	3/11/1999 7:03:00 PM
From: Rob S.	Read Replies (2) of 164684

Are you a prophet ? Yea, I wish! I just read events, the mood of the market and the TA. I noticed that the volume moved up toward the end of trading. It was high briefly at the open but not impressive. The move today was a negative indicator, but not that bearish: a gap open with a close below the gap and nearer to the lows. I think that a lot depends on how the rest of the Internet stocks and market does. My read on the rest of the market is that there is renewed speculation but it has an edge of nervousness to it. Almost everyone expects the DOW to cross 10,000 and maybe the NASDAQ to make new highs. But I think there is a lot of investors who are thinking " . . . looks like it's heading up past 10k for sure, but with prices this high, I plan to sell soon after it does."

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