Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.94

-1.6%

2:16 PM EST

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To: Jan Crawley who wrote (58720)	5/26/1999 4:27:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Jan, I will try to hold for a few days. My reasons may not apply to you. But here they are. 1- the turn-around today was powerful. ALL amzn strong up moves came on mid-day reversals. From 115, 84, and 95. This can only happen with funds buying. 2- tomorrow mo traders should pile on. They were positioning at the close. 3- We got margin relief today. Whoever held through the bottom today, isn't selling tomorrow. I think it will reach 130's. Maybe 140. Then I'll think of selling, or trading. Right now it seems on an up-trend from a good low, in the right market conditions.

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