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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.10-1.4%3:59 PM EST

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To: Bill Harmond who wrote (53946)4/29/1999 1:10:00 PM
From: Rob S.  Read Replies (1) of 164684
 
Maybe, but probably more of a sell-off to go before it gets a surge of Internet hopefuls surging to pick up the "bargains" (sic). I anticipate one more attempt to rally before the Spring Fling is over. Then these stocks will be down and out for the count through at least mid summer, IMO.

The volume looks strong to the downside and the TA has been confirmed. After a significant drop for a couple more days, there will probably be a technical bounce and then, probably another rally. But only the suckers and short-termers should play that one, IMO.
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