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

To: Sabrejet who wrote (74220)	8/17/1999 11:00:00 AM
From: Wizard	Read Replies (4) \| Respond to of 164684

>>But is it by no means a reversal in the intermediate and long term trends. I think the long-term trend is up and its down over 50% off its high. AMZN has corrected for seasonal growth reasons and now we are getting to the end of that. I would be surprised if the stock formed a right shoulder now as we sit ahead of a seasonally strong period. The weak Q2 has now been discounted and the stock has bottomed in my opinion. I am not a bottom picker as I prefer to average in so AMZN is my buy for now. The sector moves together so if they reverse course then hey, I will get my chance on EBAY. Its win win if my secular bet is right from here.