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

To: Glenn D. Rudolph who wrote (8043)	6/29/1998 8:23:00 PM
From: jason D.	Read Replies (3) \| Respond to of 164687

Glenn- Tomorrow is an important day for the bears. If this baby closes decisively above 100, then it's uptrend is totally in tact and there is no telling where it will stop. Today was disappointing (for bears), but the 14 pt Naz open and the XCIT stock split were just what the doctor ordered for AMZN bulls today. If AMZN doesn't close above 100 tomorrow this resistance level will become even more firmly entrenched, and bulls will start to waver about the possibility of ever breaking it. I just can't imagine this thing consolidating or moving in a trading range at this level. I suspect it will break 90 and plummet or pop 100 and re-ignite. Chalk one up for the bulls today, but they shouldn't get complacent. A plunge will almost assuredly occur if AMZN doesn't break 100 soon. I will close my put position tomorrow ON THE CLOSE if it is clear AMZN is going to break 100. However, if it doesn't, watch out below. Happy Investing! -jason