Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Street Walker who wrote (42590)	5/31/1999 6:46:00 AM
From: lee kramer	Read Replies (1) of 120523

Street Walker (Comment): AMZN is down nearly 50% in a month and now Barrons's BARRON'S! runs a negative story. This could be a traders's delight. Sure, the Barron's piece may knock AMZN (and a few others down Tuesday morning. But watch the action after the initial selling. If it doesn't follow through it suggests that funds and other institutions that wanted into AMZN but were skittish about the 200-214 price, may be "comfortable" buying it down here. It ain't the NEWS, but the REACTION to the news. I'm neither long or short AMZN, but I'm gonna watch it Tuesday. It might be a profitable trading buy. (Lee)

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