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

To: Paul Viapiano who wrote (69907)	7/27/1999 12:24:00 AM
From: KeepItSimple	Respond to of 164687

> Globex Naz 100 futures +900 Why anyone pays attention to the futures, I have no idea. They don't indicate anything other than the first 5 minutes of trading, and that's only if you check them an hour before the opening bell. The volume is so low that your average daytrader can influence them.

To: Paul Viapiano who wrote (69907)	7/27/1999 12:36:00 AM
From: Rob S.	Read Replies (2) \| Respond to of 164687

Amazon is at a critical point now. Looking all the way back to January and April highs, some of the long term indicators have eroded severely . This is, IMO, one of those critical junctures in which the stock can either hold support at 100 or fail and stampede sentiment to the downside. I think Bezo was astute enough to see the situation clearly and that determined the upcoming stock split. As we have seen, splits have helped Amazon in the past. But not much has helped Amazon recently despite there having been several announcements of acquisitions and deals. If I were long, I would hedge my position. If it holds and starts a recovery, then pull out the protection and remain long. But it can go either way - it is unlikely to move past 130 (25% up)anytime soon but could fall to lower than $70 (35%+ downside). This stock is no picnic for longs or shorts, IMO. The charts are inconclusive.