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

To: John May who wrote (1071)	12/29/1997 10:07:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164685

John, some people try too hard to find these magical formations (I recently debated a poster who was shorting HWP [really!] in the low $60s and argued that she saw a H&S formation). You can never be sure until it is complete and then it is too late. I can see from the AMZN chart what the others you site may be talking about, but I think the bearish case rests on more than just that. BTW, news today was that AMZN finally closed the $75mm term loan that was disclosed in an 8-k in early Nov. Message 2722404 I wonder how much of the $48mm cash they had on 9/30 is left now. Must be burning it fast. I'd bet on a secondary this summer at the latest (why? see my post #777 linked above). Bob