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


To: Glenn D. Rudolph who wrote (106594)7/27/2000 2:34:33 PM
From: Danny  Respond to of 164684
 
Looks like NASDAQ has another 100 point to go before
finding support at 3750. The breakdown of 4000 early
this week proved to be deadly:(

Initially, I though we could see NASDAQ at 4500
before summer ends, now it seems that NASDAQ is
gonna stick to a trading range of 3700 - 4000.

Well, then there is an Xmas waiting for us:)



To: Glenn D. Rudolph who wrote (106594)7/27/2000 4:16:41 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
Yes, that is the crux of the problem . . .with analysts perceptions. Amazon's credibility is what is under the most pressure. Sales, losses, other things have been pretty well know for a while - it is the way that Amazon is able to spin those things that is eroding relative to prior perceptions.

I bought a few hundred shares yesterday in the after-market - I should have sold it minutes latter for a ~2 point gain. I thought the analysts would be their typically anal retentive selves: like deer enchanted by brite lights. Oouch! I'm down 1/8!