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

AMZN 229.60

+1.5%

Nov 25 3:59 PM EST

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To: Olu Emuleomo who wrote (46327)	3/18/1999 6:23:00 PM
From: Sarmad Y. Hermiz	Read Replies (3) of 164684

Olu, >> $140 proving tough...but it will succumb! Tuesday I bought amzn at 134, then yesterday at 130. Each time I thought I was buying at bottom. In fact, yesterday I placed an order to sell amzn at 133. No fill. Do you seriously think any real buyers were buying today ? It opened at under 133 with 90k shares, and went down from there. For some reason day traders piled on to the up side. Volume was OK at 6M, but not strong or indicating any real buying. Why is there more than the usual euphoria in the tone of the bulls today ? Is it relief that all those buys at 136 and 137 from 2 days ago are finally in the black ? You guys are talking of going to 150, 200 and no resistance. Did I miss something. Hasn't amzn failed to clear this level three times this week already ?

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