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

AMZN 233.23

+1.8%

12:59 PM EST

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To: Henry Niman who wrote (54449)	5/1/1999 8:07:00 AM
From: Olu Emuleomo	Read Replies (2) of 164684

>>>. Michael Murphy said he was shorting AMZN and they should rename the company Amazon.org <<< Yes, I heard him. Meanwhile, the same AMZn he is dissing is still trading above its 50day EMA. That 180 is looking very much like resistance. I turn bearish only when we close under the 50 day EMA for 2 consecutive days. Notice he did not mention YHOO. Meanwhile, AMZN's chart is stronger than YHOO's (which I am long BTW) --Olu E.

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