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


To: Danny who wrote (110881)10/20/2000 2:49:07 PM
From: fedhead  Read Replies (1) | Respond to of 164684
 
Depends on your style. Some people buy stocks when they start showing strength rather than buying on weakness. I was
very bearish till 2 days ago but the way nazdaq rallied from 3000 convinced me that there are a lot of buying power at the 3000 level and that should act as an intermediate bottom. Of course if we see evidence of the telcos slowing
down or other macro economic factors tike oil going over
50 bucks we could see the nazdaq going below 3000.

Anindo