Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.26

-1.0%

Jan 30 3:59 PM EST

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To: Jan Crawley who wrote (59896)	6/2/1999 11:13:00 AM
From: Rob S.	Read Replies (1) of 164685

Jan, we may be at a point for a technical rebound or "dead cat's bounce" in the net stocks. That may have been hit a few minutes ago or we may retest. But the short-term indicators look oversold. Longer term indicators, such as those showing the trends in accumulation v. distribution, are still very negative on the Amazing one and the sector (although there will, of course, be exceptions). I don't at all think the downward trend has yet reached an inflection point nor is likely to be until at least mid July, but a return of more wishful thinking is likely between now and then. -Just my typical sloppy guess work.

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