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

To: Lizzie Tudor who wrote (71823)	8/4/1999 4:06:00 PM
From: dbblg	Respond to of 164684

Different people have different standards of what constitutes breaking support. I have lost money several times when I have taken support (or for that matter, resistance) lines too literally. The really big, liquid stocks like T and GE seem to respect the actual lines more consistently than the more volatile techs, which makes sense. When everyone is watching a certain number, I guess it starts to become dangerous as a trading reference, at least in the short term. Short answer: I don't think we violated support, in fact I thought the stock action was bullish. See Puff Daddy for an alternate opinion. -g- EDIT: JNPR limit buy filled at 150. Was stopped out of half CMTN at 99. Will buy back if it holds the 50 ema tomorrow (around 88).