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

To: tonyt who wrote (7471)	6/24/1998 7:21:00 PM
From: marie fouchia	Read Replies (1) \| Respond to of 164684

It is not easy to guess the top of this stock in particular, because when it seems like its dumping after a new high, buyers step in immediately and buy. I realize its gotta stop at some point--but the momentum is phenominal. As crazy as it is, I believe that 100 is an important psychological barrier for both shorts and longs. Many set a sell target at 100, I'm sure. On the other hand, many people watching on the sidelines figure if it can bust 100, why not 120? So they capitulated and went long at 100. I almost bought puts today--but think this thing hasn't topped yet, and I'd rather get them cheaper. This is a great one to trade on if you have the guts--very scary--but what I like is the resilience it so far has to bounce back from sell-offs.