Amazon.com, Inc. (AMZN) Message Board

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

AMZN 241.68

-0.6%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (55191)	5/4/1999 11:29:00 PM
From: Mark Fowler	Read Replies (1) of 164685

Glenn, i think Amzn could come down to 100 Ema as it did last February this would put it at now 133, and could move down intra day to 129-30. A close above 139 is important and if 100 Ema is taken out then it could move down to 200 ema which would be unfortunate of course. I will watch this issue closely and if i think 100 Ema is going to be taken out i will sell the remaining shares and hold only original position from over a yr ago. I think the longs who are willing to step in tomorrow would be wise to buy a half position just incase 100 Ema is taken out. Good luck Amzn Bulls it could get ugly tomorrow don't panick and don't load up on the margin. Here's a chart of Amzn for you to look at: clearstation.com

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