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

To: Glenn D. Rudolph who wrote (67824)	7/15/1999 2:47:00 PM
From: Bill Harmond	Respond to of 164684

M' man!

To: Glenn D. Rudolph who wrote (67824)	7/15/1999 2:55:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

EBAY is showing some strength - but not as strong as AMZN, IMO. The TA on the sector is not nearly as good as AMZN - indicators are about the best in the sector. I think EBAY will meet more resistance on the way back up - it has not built the extensive base shown by Amazon and continues to be faced with image rebuilding and may retest near the recent lows. AMZN has gone through more extensive base building and has a favorable pattern of higher highs and lows on good volume. AMZN looks stronger than YHOO, AOL and other big cap Internet plays I have looked at. The Internet index is within 10 points of a major resistance level and appears to be losing momentum from its recent rise. I expect Amazon to outperform the sector over the next few weeks but it could still be vulnerable to profit taking. As it approaches the 145-150 level I would expect it to meet more significant resistance. We are probably a few months away from a major break out to new highs. If media and investor enthusiasm occurs as expected because of robust xmas sales, AMZN will be a prime beneficiary - $750+ million in 4th qtr. sales is possible. If that heady growth occurs, the stock can be expected to double or more from present levels - at least for a while.