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

AMZN 232.44

+1.4%

12:06 PM EST

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To: dbblg who wrote (52496)	4/23/1999 6:35:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

Ganesh, >> 3. I don't think you have to be a hard-core bull to accept that a new high, on respectable volume, is a bullish development. Look at a chart of yhoo up to the day of its report. Was there even the slightest hint of weakness in it. Was there any suggestion that people who bought at 244 would see a 90 point drop 10 days later ? And by the way, Yahoo supposedly had blowout earnings that exceeded the highest estimates and whisper numbers. Their report was A+, to quote a very successful net investor. Everyone, longs and potential shorts would like to see a big run-up next week.

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