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

To: Jan Crawley who wrote (67100)	7/9/1999 10:48:00 AM
From: Arik T.G.	Read Replies (3) \| Respond to of 164684

Charts of YHOO AMZN and AOL look bad. AMZN could lose 12-20% before July expiration. ($100-$110 in five trading days) ATG

To: Jan Crawley who wrote (67100)	7/9/1999 11:17:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

A more bullish trading pattern has developed for Amazon and some other net stocks - although there will probably continue to be some consolidation, the stocks have recently been accumulated. The TA indicators that show this are the MACD, MACD-HIST, OBV and others. Although there is a chance for a mild pull-back, I think the bias will remain to the upside through the favorable earnings period. There is not a huge return of investors but even fewer sellers as the stocks pull back. Higher lows on pull backs is a visible way to observe this trend. This is not a case of "all indicators being lined up in one direction". I think these stocks are likely to trade modestly - unlikely to see large surges in the big-cap Internets because significant rallies are likely to draw in sellers.