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

To: Rob S. who wrote (69909)	7/27/1999 12:43:00 AM
From: Bert Klimer	Read Replies (1) \| Respond to of 164687

AMZN and DSCM. Does anyone think that since AMZN will own 29% of DSCM and that once DSCM opens on Wednesday we might get a spike in AMZN if the IPO flies? Bert

To: Rob S. who wrote (69909)	7/27/1999 1:20:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 164687

Rob, I was looking at the chart also: Down 10% for the ytd. Testing support at $105 (resting on lower bb) If it breaks lower, next stop $101. below that, next support $92 Short-term stochastic buy. Trading below all averages, from the 5ema(115) to the 200sma(112). Interesting convergence coming up in the 5ema and 200sma. More probable than not that will happen in next couple days. For a six month position trade, tomorrow would probably be a good point to pick up some shares. Probably an almost guaranteed 25% minimum gain. In any case, recovery is going to be slow. Increased volume in the last 3 days is troubling, considering we rest so near critical support. I think our analysis is fairly close to the same, except I think its doubtful the stock could go as low as $70 -- but of course anything is possible in a general market panic, of which the probability is nearer now than when AMZN was higher -- but that may be an argument for a near-term bottom being closer than it may appear. [Edit]: Almost forgot MACD: Was looking very promising recently, and if the stock stabilizes soon, MACD recovery from late April sell-off could be complete, and start to turn up into the positive side.