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

To: Michel Bera who wrote (4644)	5/22/1998 5:00:00 PM
From: Oeconomicus	Respond to of 164684

MiB, it did bounce off the 50 day a couple times including the gap up in April, but this time it did not bounce and after several days of trading right around the 50 day, today it broke significantly below. As for the volume, it increased today from recent low levels, and this on a day when the NYSE barely cleared 430 million shares. The average volume you are looking at only recently got that high with the volume spike (and failure to make a new high in spite of the volume) in April. A couple months ago, 488m shares would have been an average day, so to do that on an overall slow day shouldn't be dismissed. Consider also that AMZN get getting some serious downward revisions to forward loss estimates (that is, much bigger losses), the competition is seriously heating up, and they have loaded the balance sheet with debt in order to have any chance in the competitive battle. biz.yahoo.com (see the estimate revisions and downgrades) quote.yahoo.com (chart is thru yesterday, but you can see the 50 day) Have an enjoyable Memorial Day (observed). Bob

To: Michel Bera who wrote (4644)	5/22/1998 5:40:00 PM
From: Candle stick	Read Replies (2) \| Respond to of 164684

Yes , it was hit several times, but this time it broke and closed below......it is worth noting that it also closed below on a Friday, a weekly close, which is even more significant....... Secondly, although volume was on the light side, there was a significant increase in block trades, ie. trades over 5,000 shares. This is important because individuals do not trade these amounts. They are more than likely trades from institutions, and today they were almost all on the sell side........;^) You wrote: And 50 days EMA was hit no more than last month, according to charts, and bounced back sharply. P.S. Thanks for the link to that free charting site, it is the best on the 'net that I have seen yet,.....have a great weekend.... See the chart here: askresearch.com ;^)