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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: ShortyBear who wrote (61171)6/8/1999 11:52:00 AM
From: Sarmad Y. Hermiz  Respond to of 164684
 
SB,

I just hope you are not short amzn at this moment. Not because I am sure of their long term success, but because it is not the right time in the quarterly cycle. If it fails to go up 30 or 40 points by july, it will be the first time in its history. It could happen, but the odds are against that.

Notice I avoided your points entirely. That's because I think amzn price right now does not respond to those factors. The main thing right now is will the brokers promote it or not. I don't think they will knock it down. They will just let it make a good technical base and probably tout it very strongly for the Christmas season starting in September.