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

To: Glenn D. Rudolph who wrote (4361)	5/15/1998 11:40:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 164684

AMZN 50 day Moving Average is at 88...it broke intraday April 27th and bounced back, then again on May 12 th it tested it and bounced off of 86 5/8.......now will be the third test. You know what they say? The third times the charm. A break below the 50 day MA is a serious technical indicator, and ironically this point is being hammered forth on CNBC with regards to Disney, which is being downgraded today as it breaks its 50 day MA..................;^) P.S. the next important moving average is the 200 day MA which AMZN has never been below. Currently it is at 59 1/4, and a break of the 50 day MA should cause a test of the 200 day MA over the next few weeks. I think that AMZN will tank immediately after the split, IMHO.......;^)

To: Glenn D. Rudolph who wrote (4361)	5/15/1998 12:30:00 PM
From: Jan Crawley	Respond to of 164684

Glenn, (Complements of Blankmind) here is a newsletter comment on amzn: [Overpriced Stock Service (415) 726-8495] Amazon Com (AMZN) 91 9/16 down 1 5/16, fell after our short sale recommendation and the disappointing earnings announcement from Excite. The recently filed proxy shows that AMZN will ask its shareholders to greatly increase the number of shares outstanding. AMZN says that it will use the power to make small acquisitions and to protect it from a hostile takeover. Our advice to management: sell AMZN to the first group willing to pay you any premium at all. This is a non-proprietary bookstore operation that gets a premium valuation. AMZN's latest addition, an on-line music store, isn't any more defensible. Short over 90 for an initial target of 62. The stop loss point is 101.