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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.68+2.6%Jan 27 3:59 PM EST
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To: Olu Emuleomo who wrote (55017)5/4/1999 9:29:00 AM
From: Sarmad Y. Hermiz  Read Replies (1) of 164685
 
>> These were failed breakouts...and a signal that they would 'correct' significantly.....which they did.

OK. So we know that now, after the fact. Were there reliable signs while the price was still high, so one could sell at a decent price ?

Someone posted to me that the yahoo breakout was tainted because it failed to make a new high. But then AMZN exceeded the old high by 10%, and closed 5% above the old high. So is there a way to tell ? There were people who shorted at 205. I wonder what gave them the confidence ?
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