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

To: HG who wrote (73541)	8/13/1999 12:08:00 AM
From: 16yearcycle	Respond to of 164684

Michelle and happy girl: Msft dropped to 10% below its 200 day moving average last October, December 1997, and December 1995. It hovered under it for a long while in 93 and 94. At its recent short term bottoms, it has fallen to about 40x current e pace, and as low as 28-30x what turned out to be the next years e. Also, using a third measurement, msft has dropped 25-35% in its 3 most recent severe pull backs. The current 200 day moving average is 79, so 71 would be consistent with the past drops under the 200 ema. 65-75 would be a similar percentage drop from previous highs. Finally, 64 is 40x current e pace and 57 is 30x is the 1.90 I'd think they will earn between now and 6/30/00. 57 is absurd, but.... 71 will be easy in a nas drop to 2300, or a confirmation of a bear market. If things get UGLY, 65 is quite possible. I'll use up my funds at 65-71 and nas 2300.