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


To: Andeveron who wrote (7542)6/25/1998 10:37:00 AM
From: NASDBULL  Respond to of 164684
 
Yes, AMZN is quite a mover and I will feel better when I cover!

NASDBULL



To: Andeveron who wrote (7542)6/25/1998 11:32:00 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
And< The resiliency of AMZN is startling to watch.>
Its no longer amazing its just becoming consistent. Please remember what Cramer said 'the sellers have not shown up' why would the TomD's of the world sell his shares @ 103 when he could get 150,175,200,300,400,500 ~.
Glen, he who runs away, gets too live too, run away another day.



To: Andeveron who wrote (7542)6/25/1998 12:32:00 PM
From: Olu Emuleomo  Respond to of 164684
 

Well, I guess the 100 ceiling was touched upon and bounced off of rather quickly. However, this
thing still looks like it has legs for a reversal in the afternoon. The resiliency of AMZN is
startling to watch.


Yes, but look at the trading pattern. You will notice that it is now rising less on greater volume. Smart money is exiting! Day traders are probably *still* using this as a trading vehicle. I would wager that we are with 10% of the high!
, but I'm not shorting, *even* if I could find shares to short. Puts? maybe....

--Olu E.