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

To: freeus who wrote (9693)	7/9/1998 12:30:00 PM
From: put2rich	Respond to of 164684

I shorted too soon at 105 yesterday so you are better. I firmly believe this one will be under 100 Friday close. Even those who bought at 110+ today will feel the pain and cut loss. The gain today almost wiped out and if it shows a loss then the third days in the trend. As you know smart longs already took and are taking the money and run far away.

To: freeus who wrote (9693)	7/9/1998 12:33:00 PM
From: Greg M.	Read Replies (2) \| Respond to of 164684

freeus, There will probably be a bit of resistance around 100, but with the uncertainty of a weekend (after such a bad/uncertain week) and IF anymore DOWNGRADES come out, then we could easily see sub-90. Without downgrades, I would not be surprised to see AMZN trade between 100-115 until earnings, and not fall below 100 until then. Monty

To: freeus who wrote (9693)	7/9/1998 12:57:00 PM
From: Tenpole	Read Replies (3) \| Respond to of 164684

IMO, we'll see 100 tested. The intraday hourly chart in the process of putting up a repeat of yesterdays falling three methods pattern (or bear flag) and, while 107 is providing more of the support that it showed yesterday, the weight might be too much for it over the course of the day. Next stop is yesterdays low (102 3/8 I think - it is unlikely to be very strong) and after that 100. It was tested 3 times before the breakout to 115, thereby making it the nearest thing to any support/resistance that this stock has right now. Will it break? Who knows. If it does, next stop 82..... T ps I'm short at similar levels to you so this might all be hope rather than expectation!