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

To: H James Morris who wrote (11914)	7/28/1998 10:19:00 AM
From: umbro	Read Replies (1) \| Respond to of 164684

That said, it looks like today will be a narrow range day. Technically, if today's range stays narrow (which 4 or 5 points with AMZN), the best next day trade is usuaully a breakout of today's high/low. In other words, rather than fading the high/low, buy the high, and sell the low (with a trailing stop). The MODA CEO was on CNBC. Kinda unimpressive presentation. Lots of hand-waving about the wonderful technology, how important it was to incubate the company while it developed its technology (translation: "at first we didn't have a clue, but soon we'll have something that we hope will generate some sales."). AMZN's price didn't budge much, MODA traded up a little bit, but not much, and looks like a decent short at this point, for a 3 or 4 point move.