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


To: Glenn D. Rudolph who wrote (71599)8/3/1999 5:23:00 PM
From: MoonBrother  Read Replies (1) | Respond to of 164684
 
Okay, fellow AMZNers,

Guess I got something positive to say, finally! I think we might have hit the bottom, finally!! Today, AMZN went down to as low as $88 intraday, but rushed back powerfully and finished on the positive side. AOL had a huge trading volume of >43mil, the stock seemed also hit the bottom at $86. My feeling is that starting tomorrow, AMZN and AOL will lead the Net group to start a significant rebound. I see both AMZN and AOL trade back above $100 within next couple sessions, possibly even hit $110 level. If the general market cooperates, we may see the whole Net group follow suit, with CMGI, YHOO, EBAY leading the pack up. Some excellent second tier Net stocks should also do well, which include EXDS, INKT, CNET, VRTY, MSPG. Last but not least, some recent IPOS could also enjoy handsome gains. This group may include ENGA, ZOOX, DSCM, INIT.

Now you have it. If you like this analysis, do things accordingly. If you think I've always given false signals, do the opposite. (I know John Junk has been doing that. He bot 1000sh AMZN several days back when AMZN was at $120s because I said AMZN could fall to $80s. He has disappeared again ever since).

Now read this, the above is JUST my analysis. Feel free to read it, but please make your own judgement when trading the stocks accordingly. Take my suggestions at your own risk.

Good luck and enjoy the ride!

MB