Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Olu Emuleomo who wrote (54389)	4/30/1999 8:39:00 PM
From: Sarmad Y. Hermiz	Read Replies (3) of 164684

Olu, >> Actually, it's probably time to start buying AMZN again since the bears are now beginning to outnumber the bulls on this thread... << Could be. But I don't see how amzn could stay above 170. The factors that brought it here from 130 have dissipated. They were comfort with Q1 results, auctions, Kansas warehouse, assorted new businesses. My bet is that it will work its way down over a period of 3 weeks to the 120 to 140 range. At the moment I don't know what could keep it higher than that. Apparently increased rev did not please the crowd.

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