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


To: Tradegod who wrote (70224)7/28/1999 3:54:00 AM
From: Dwight E. Karlsen  Respond to of 164684
 
>>To the thread: Just where are we?<<

Well let's see: Reuters has an article proclaiming "broad-based market recovery" took place today.

That is, except if you're in (get this):
AOL, YHOO, AMZN, INKT, or EBAY.

Then you wouldn't think it was so broad based.

The market is teaching the "blue chip" internets about what it means to post less than expected results on your earnings (losses), and also what "overhead supply" means.

I see AMZN made another red candle today (nice tall one), and then went down to the next support at $101. Whipsaw day!

Oh well, only one support level broken, which was the $105. Guess it wasn't very strong anyway.

Maybe $101 will be a little stronger.