Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.76

+2.5%

3:59 PM EST

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To: GST who wrote (47070)	3/23/1999 8:26:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

GST, I have tried to see what drives amzn share price. Obviously the general market is the biggest influence. It goes up and down with nasdaq. But after that it reacts to broker recommendations. I think brokers will be quiet, until it gets close to Q1 report time. So the only factor is the general market. If your expectation about money draining away from US stock market is correct, then amzn is going down. But didn't we see this movie already ? What was going on from mid January to mid February ? AMZN going down every day. Shorts recovering some of their losses, etc.... Then suddenly it reverses for a 50% gain in one week. Earnings/loss estimates have not changed. Brokers haven't changed their rating. The only thing that happened today is nasdaq went down 73 points. In my opinion, amzn traders will keep the price between 120 and 140 while they wait for Q1 report. I am hoping to trade amzn long and short in this range.

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