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

To: Mark Fowler who wrote (69395)	7/24/1999 9:21:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

That's is a concern with me too ...i like the company a lot just remember the major support area on this i would think that a decline of 50% from high that a bottom would be close 200 MA should hold up there, Did we not fall through the 200 MA at 111? So any problems with there server crashing again at the wrong time this stock could move lower just something to think about... This is my larger concern. We'll see what happens at this time, before i move in on this one, i'll make it prove support. It's better to be cautious than trying to get in on the absolute bottom which can be dangerous at times. I wrote covered calls for Aug on EBAY too so I believe I will just hold. so i think stocks like Amzn Yhoo and Ebay will be weaker for awhile a trade between there narrowing ranges with the 200 ema as major support. I would like to take a position in YHOO when the timing is correct. Currently, I would have to do that on margin whiich I prefer not to do until we see this sector getting stronger. Glenn