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


To: Bolder who wrote (9974)7/10/1998 4:52:00 PM
From: Kevin  Read Replies (1) | Respond to of 164684
 
Where do you think YHOO will be next week? Thanks.



To: Bolder who wrote (9974)7/10/1998 5:22:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
Very fine call.

I jumped in to selling AMZN on Monday and Tuesday and posted to the thread that I thought it would peak on Tuesday.

For reference here's a couple of your and mine posts;

Message 5104083

Message 5112968

I made predictions of where AMZN and YHOO! would end the week:

Message 5121401

AMZN 102
YHOO 175
EGGS 18

Actual close:

AMZN 99 1/2
YHOO 181 1/4
EGGS 21 7/16 (up more than I thought it would be against the trend)

Hey, maybe we should start a newsletter service!



To: Bolder who wrote (9974)7/10/1998 8:33:00 PM
From: Tenpole  Respond to of 164684
 
Rob,

Like you, I have been doing OK calling the downside (Mike M can verify!). In calling the 91 level, I think you are suggesting that the 6/23 will give the support. I just used Big Charts to look at Volume-By-Price and I can't help but think that we have partially broken the key level (yes we ended up on it but the intra day break has taken some of its strength from it).

There are still an awful lot of longs who are now sitting at zero or worse (32m shares were traded at that resistance and the volume on the day that it broke was quite small, suggesting that the longs had their house in order. In the entire downside so far, we have only seen 27m shares traded). If, over the weekend, the remainder decide to liquidate their positions the next stopping point is all the way down at 81.

Maybe I am being too negative. I just remember the old adage that a market goes down a lot faster than it goes up.

T