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


To: Noel W. Crisler who wrote (9902)7/10/1998 11:44:00 AM
From: UFGator93  Read Replies (1) | Respond to of 164684
 
When it fights below $100 it doesn't seem to stay very long.

When we were moving up a few weeks ago and many of us didn't think it would break $100, it was the close that we were worried about. Everyone thought a close above $100 would be a bad sign. For a day or two, it broke above $100 intraday but couldn't close there. Then it closed above and took off. It's probably going to be the same story on the downside. I'd take a close under $100 to be a very good (bearish) sign today.

Damon



To: Noel W. Crisler who wrote (9902)7/10/1998 4:22:00 PM
From: IncredibleHult  Respond to of 164684
 
I was watching quotes on level 2 earlier today and there seemed to be about 10 mm's sitting on the bid at 100$. Below that there wasn't much. I think we could see 85 next week. One more downgrade and this thing tanks.