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

To: Eric Wells who wrote (65331)	6/29/1999 11:38:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> Sentiment toward net stocks has been too positive over the past 48 hours for me to even consider shorting this stock again in the near term - but it will be interesting to see how long the positive sentiment will last. << It will last at least through Yahoo report. Unless money supply shrinks dramatically or something like that. It is important to distinguish moves in amzn that are due to its own prospects from the tide that rises and falls for other reasons. On its own, traders look like they are happy with amzn between 100 and 130, with the preferred range at 110 to 120. I thought yesterday it may break down, but the range held. If it gets close to 130, I will sell half my position on the assumption that is resistance. But if it goes higher, momentum will carry it to 150 or higher. All this could happen in a week or two.