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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Allan F who wrote (118)	7/7/1998 8:23:00 PM
From: Fernando Saldanha	Read Replies (1) \| Respond to of 182

We had a bearish engulfment today. I usually am very cautious about forecasts, but I think we have seen AMZN's peak. Will I eat crow?

To: Allan F who wrote (118)	7/7/1998 9:57:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 182

Hi, no I bailed out about 85 points ago at 53...;^) Yes , today was the mother of all engulfing tops....I would look for confirmation tomorrow with another down day, but then, you have to realize that the ranges are huge and you could get whipped to death for several weeks before a real downtrend is established....on the other hand, this is internet mania, and AMZN could go straight up 20 points tomorrow....play it close to the vest.....;^) P.S. won't matter anyway, last I heard there are no shares available to be shorted.