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

To: Jan Crawley who wrote (12166)	7/31/1998 12:06:00 PM
From: H James Morris	Respond to of 164684

Rs<Agree?> In the old days I would agree that Aol earnings would be a good time to unload before the Elephants do. The problem is I don't no what its going to take to make the Elephants stop eating. Since they currently control the supply, who knows? President Clinton is just telling us that due to the Asian problem our Farmers are building huge inventories because Asia is no longer buying it. More food for the Elephants!

To: Jan Crawley who wrote (12166)	7/31/1998 12:14:00 PM
From: JimNewby	Read Replies (2) \| Respond to of 164684

Is it my imagination or am I right in assuming that the number of posts on this thread are declining? Does this signal the begining of the end for AMZN? Mark, JAWD and many of the other bulls have been rendered silent (or at least nearly so). But, the p keeps holding above 100 (with one minor exception in early July). Oh, when will the end come; or is there such a thing as a triple top at 140?? I've been in/out of this stock over the past several months and (IMO) there's no right answers, just explanations for past events. TA/FA, momo, trends, and everything else; works one day and not the next. Jim

To: Jan Crawley who wrote (12166)	7/31/1998 12:31:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Agree but within the context of a general price decline and great short opportunity. The TA on Yahoo! looks very promising; the increased float should spur selling but it is probably best to react quickly. A drop in Yahoo! should reinforce the trend in AMZN. I expect it to move down at least temporarily to 95 before a rebound. The TA indicators look very bearish and until we either base for a while or see a big sell-off, I don't think it has very much of a chance of moving up given the general climate of the market and inet stocks. If we get a move down to 95 or so I will likely cover half of my naked call positions.