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


To: Glenn D. Rudolph who wrote (5879)6/13/1998 9:13:00 AM
From: Andeveron  Read Replies (2) | Respond to of 164684
 
>> AMZN: EVEREN SECURIT changed recommendation from Hold to
Strong Sell on 06/12/98 <<

Didn't look like the momentum players really cared. A lot of money came back in when the market turned around. Some shorts may have used the down draft early in the day to cover their positions but at the end of the day, AMZN was only off $1.50. For the week, it was up $16.75. Look for more uptick momentum next week.

Shorts will probably never get it, but they help to fuel this thing when their seemingly sound perceptions get the better of them. The only way to play AMZN is without emotion and to cut losses quick. Going long every once in a while probably wouldn't hurt.