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

AMZN 230.40

+1.9%

2:08 PM EST

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To: Sarmad Y. Hermiz who wrote (47621)	3/28/1999 11:22:00 AM
From: tonyt	Read Replies (2) of 164684

>> the last 1/2 hour saw an attemted rally to above 140 fail. Monday will probably gap open at 135 and we'll most likely see a test of 130 again.>> >Just keep in mind three items that may push amzn up in the next 30 days. >>1- Q1 report with likely rev increase Maybe yes, maybe no. We have not gotten any indication in over a month from management on this. (although 'wrong-way Murphy' is spreading a rumor that they will miss rev #'s) >>2- company announcements regarding new business possibilities Been there, done that. drugstore.com brought AMZN above 140 only to see it drop to 118 within weeks >3- broker recommendations. Been there, done that ad nausem. The most recent rec last thursday brought AMZN within striking distance of $150, only to see is close, once again, below $140. Three attempts to close above 140 have failed (with your 3 items). That is not a good sign. A good sign is that AMZN sould hold above $110

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