Amazon.com, Inc. (AMZN) Message Board

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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: Bill Harmond who wrote (57192)	5/17/1999 11:34:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

>> Why not try going permanently long here? Low risk. Good point. I very much thought it would break down through 120 today. I am amazed by the strength of the bounce. Means there is enough buying momentum for a strong run to e, when the time comes. Though maybe not to a new high. So buyers are out there. But they need encouragement to jump in. On the negative side, analysts are everyday increasing loss estimates, and some quietly down grading from strong buy to a notch lower. Another negative point is amzn could not stay at 158 a few days ago. It seems it has a home at 130 or 180 but it is not stable anywhere else. So the trend reversal points are near 125 and 185. If I can buy near 125, I'll dip my toes.

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