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


To: Oeconomicus who wrote (9967)7/10/1998 4:04:00 PM
From: freeus  Respond to of 164684
 
Closed under 100: will it collapse on Monday?
Only the Prophet knows!!!!
Freeus
Happy weekend everyone.



To: Oeconomicus who wrote (9967)7/10/1998 4:05:00 PM
From: epicure  Respond to of 164684
 
Technically a good day for the shorts- my middle MACD just crossed today- a very reliable sell signal.



To: Oeconomicus who wrote (9967)7/10/1998 4:12:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Rd,
<AMAZON COM INC(AMZN)
Bid: 99 1/2 BidSize: 99 Open: 103
Ask: 99 5/8 AskSize: 0 Close: 105 1/2
Last: 99 1/2 High: 105 7/8 Div.: 0.00
Change: -6 Low: 98 1/8 Yield: 0.00
A.High: 143 3/4 P/E: 0.00 Volume: 4154500
A.Low: 11 EPS: -0.77>
Does this low volume surprise you? Lets see divide the volume by 2, thats only 2.075 million actual shares traded today and that's only 30% of the float. Still the MM's drop it 6 points.Hmmm.




To: Oeconomicus who wrote (9967)7/10/1998 4:21:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
Yea, some didn't want to see it close bellow 100 - fought hard but lost. Well see 90 or lower next week. After options expiration, this stock is trading down to 70-80.

Little resistance to the move down. This decline is one of the best I've seen in a while.

The small investor that bid Amazon up will have time to reflect this weekend on the folly of not dumping AMZN at a higher price. We should see plenty of selling over the next couple of weeks.