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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: fedhead who wrote (16973)7/5/1998 7:41:00 PM
From: Clint E.  Respond to of 69744
 
Hi Anindo,

>>What do you think of Barnes & Noble (BKS) moving up as Amazon's coattail effect.

I would say it could move as high as 50 due to momentum investing in the next few days as AMZN continues to surge higher....but....The question then becomes how much higher AMZN and the rest of net stocks could go. The answer would be in YHOO's earnings since anticipation(and later on delivery) of huge earnings by YHOO started the rally in the net stocks three months ago.

Clint