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


To: Glenn D. Rudolph who wrote (11756)7/25/1998 9:09:00 PM
From: Rob S.  Read Replies (4) | Respond to of 164684
 
I've looked at the TA of my list of internet retailers and service companies: VERY NICE short list!!!

Amazon.com is among the best looking shorts of the group but AOL. ATHM, BVSN, CNWK, ELNK, FVHI, LCOS, MSPG*, NSCP, NSOL, OMKT, OZEMY, PSIX, RMII*, SEEK, SPYG, and XCIT all look poised for collapse. Amazon, Mindspring and Rockey Mountain Internet look particularly good for a move down.

It is better to be swimming downstream than to try to fight the trend in the group. I think we will see a major downturn in the inet stocks within the next couple of weeks - probably sooner than later.