Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HairBall who wrote (69443)	7/25/1999 12:23:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 164684

when it becomes featured, are we looking at a classic Head and Shoulder top with neckline at 100.00...If you are bullish on this stock, technically, I would like to know why..I am ready to short this again on momentum carrying into 119-121 area..Of course I may change my mind...

To: HairBall who wrote (69443)	7/25/1999 1:05:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

Thanks LG. It's on my calendar. <vbg>

To: HairBall who wrote (69443)	7/25/1999 3:13:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

LG, can you present this amazon chart with some simple explanations of trends. I was reading something over there about a "cup and handle"... they didn't say whether it was bullish or bearish and I am still unsure, just learning all the terms. Thanks!

To: HairBall who wrote (69443)	7/25/1999 9:28:00 PM
From: Glenn D. Rudolph	Respond to of 164684

NZ Morning Call- U.S., global business highlights Euro/dollar backs off session highs in thin U.S. NEW YORK (Friday) - Euro/dollar slips to $1.0523/28 from session highs near $1.0545. Dollar/yen steadies near 116.45/55 as volume thins. Mkt will keep eyes trained for BOJ intervention next week. Dlr/Swiss loses session gains as morning crawl higher failed. Cable slips beneath $1.58. Dow still down, off over 50 points, US Long Bond above 6 pct, for 1st time in 2 weeks. - - - US Treasuries fall, further losses seen NEW YORK (Friday) - There was no second guessing the U.S. bond market's violent reaction a day after Federal Reserve Chairman Alan Greenspan's hawkish testimony, as the Treasury prices fell for the third straight day on Friday. Often, the market initially misreads Greenspan and then after a day of thinking about it more clearly, changes its mind. "But no one tried to put a softer or bullish spin on Greenspan," said Patrick Dimick, senior economist at Warburg Dillon Read LLC. "That didn't happen today. It was as bad as we originally thought." Treasuries. which slid sharply on Thursday after Greenspan told the House Banking Committee the Fed would act "promptly and forcefully" to prevent a pickup in inflation, continued to slide on Friday. Bond prices fell as much as 3/4-point and two-year notes were down more than 1/8-point on Friday before bargain hunters emerged late in the day. - - - Russia to scrap forex trade limits this year MOSCOW - Russia will this year scrap all the currency trading restrictions which have propped the rouble as it seeks new International Monetary Fund loans, the central bank and government said in a document published on Friday. Russia introduced the measures in the 1998 financial crisis when the rouble crashed and it could no longer afford to defend it on the market. The central bank and government said in a letter of intent published on the IMF's Internet site that by September 30 they would end a system requiring importers to make rouble deposits to cover import contracts. The measure was aimed at stemming capital flight by preventing fake import deals. "The exchange rate will be determined with the CBR's (central bank's) interventions solely guided by macroeconomic policy consideration and with a view to smoothing fluctuations in the rate," said the document, outlining 1999 policy plans. - - - ECB preaches vigilance, prices show pickup FRANKFURT - European Central Bank officials warned on Friday that vigilance but not interest rate hikes were needed after new data revealed that inflation in two of the euro bloc's largest economies was on the upswing. In Germany, four key states released cost of living data, which together pointed to a preliminary rise of around 0.4 percent month-on-month and 0.6 percent year-on-year. The German figures followed Italian city inflation figures on Thursday, which indicated that consumer prices in Italy would increase by 0.3 percent in July month-on-month and by 1.7 percent year-on-year. If the preliminary data for Germany and Italy is confirmed, prices will show their largest uptick in a year with the exception of April when oil prices spiked higher and euro-zone inflation rose 0.6 percent. - - - Ericsson pledges '99 turnround, share boosted STOCKHOLM - Sweden's Ericsson <LMEb.ST>, the world's third-biggest maker of mobile telephones, sent a firm message on Friday that it would soon boost flagging profits. Chief executive Lars Ramqvist, who unexpectedly ousted his predecessor two weeks ago, said he would have Ericsson back on course within five months by speeding up an ambitious cost-cutting programme and halting delays to handset sales. "We are determined...to have the company back on track by the end of this year," Ramqvist told a news conference. The market appeared convinced, with Ericsson's share rising nine percent to close at 256.60 cro...