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

To: Bazmataz who wrote (88431)	12/23/1999 2:20:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

>>Anyone care to comment on the plunging AMZN stock price?eom << Dont get concerned until we close under 90. That will mean we are no longer in an uptrend. --Olu E.

To: Bazmataz who wrote (88431)	12/23/1999 2:22:00 PM
From: H James Morris	Respond to of 164684

<<Anyone care to comment on the plunging AMZN stock price?eom >> Because I own the april 90 calls???, or maybe some profit taking. Retail selling the elephants are still sitting pat.

To: Bazmataz who wrote (88431)	12/23/1999 7:42:00 PM
From: brad greene	Read Replies (2) \| Respond to of 164684

Bazmataz, I think AMZN is in a poor area..... of an overpriced sector...... of a market due for a nasty correction. The trend lines have been broken on good volume...... I think it gets worse. I think net players really want to be out of big cap E-Tailers....and that you will see selling on any "less than expected losses"....or even table pounding by analysts....(see Micron today) The same momentum that took AMZN to nosebleed valuation.....will now bring it back down. Check your chart.......AMZN goes down to $40 every once in a while. I think it is headed that way......but I'm also thinking that the entire sector is due for a 30% haircut....at least. Just my opinion. I'm short and in cash until at least the 3rd week of January. Many Net players will wish to exit in January in order to defer capital gains....so it may get really ugly then. I guess I'm looking for sector rotation and reverse momentum. bg