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


To: Walter High who wrote (1085)1/1/1998 12:44:00 AM
From: zTrader_77  Read Replies (2) | Respond to of 164685
 
Now that the New Year is here IMO
AMZN will drop to the 40's.

Insiders and long's can now sell and
lock in that $60.00 per share with
tax deferred for a year.

Another book company - Borders Grp is scheduled to
come online in January, and if AMZN
sales for 4th Quarter are less than
$100 million Wall Street may turn on AMZN.

So IMO the price should drop well before
earnings are reported - about January 23th.

I really expect it to drop 10 points
tommorrow - January 1, 1998 - due to
long owners locking in tax deferred profits.

What is your opinion?