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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.91-1.0%11:57 AM EST

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To: Rob S. who wrote (46917)3/23/1999 12:38:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 164684
 
Rob,

>> A couple more attempts at 135-140 are possible,

The amount of time amzn spent above 130 was very surprising to me. It stayed there for two full weeks. And moved down only today, reluctantly with a very down market.

This tells me, that amzn traders like it to be in the 130 to 140 range, which is the longest stability this stock has had in months. My feeling is it will go back and test the water above 130 again, very likely in anticipation of Q1.
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