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

To: Rob S. who wrote (12824)	8/7/1998 7:47:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

We may get a last gasp day-rally to sell against but the momentum has fizzled. This is weaker than I expected - thought we'd see more volume and a larger move on the strength of the market and tech stocks. The broad market re-bound also has fizzled but the beaten down (and fundamentally STRONG v. rediculously overpriced inet stocks) tech stocks are providing some leadership. I look for choppy waters ahead next week for the market in general. Amazongonenuts.com may have a couple days to the upside on a market rally but I expect it down to at least the 100-105 level by the end of next week. General market weakness could cause AMZN to move down to the 90-95 level. It may take well into the fall for the drop to the 70 level, IMO<< Rob, there's something wrong with your analysis: The broader market hung on to a good part of its gains, with winners outpacing losers by a two-to-one margin. Amzn gain almost 6% today on better than ave. volume, while Nasdaq gain almost 1%. Whole lot of weakness there? The fact that Amzn did not revisit it low on 7/13, during the correction was very bullish. Prediction: Amzn probably will establish new support at 105 area and will not go below 100.

To: Rob S. who wrote (12824)	8/7/1998 11:40:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

>>My guess is that Amazongonenuts.com will rise up toward 120-122 as the intra-day high and then down toward 114 for the close. >>Amazongonenuts.com may have a couple days to the upside on a market rally but I expect it down to at least the 100-105 level by the end of next week. General market weakness could cause AMZN to move down to the 90-95 level. It may take well into the fall for the drop to the 70 level, IMO. >>We may get a last gasp day-rally to sell against but the momentum has fizzled. Rob, Seems you're swinging your bat wildly here. Lately I'm reading a half-dozen changing intraday scenarios by you on how far and when this stock will decline. Like a few of your earlier accounting- or trading-related conspiracy theories these evolving predictions come across to me as shots in the dark. Do you chart this stock off-line? Do you apply any indicators to it? Have you looked at on-balance volume? I'll be the first to admit that I don't know where Amazon will trade near term, though I'm encouraged by its intermediate higher lows and highs, and the accumulation evident in on-balance volume. The sense I have is that it will settle down some and work higher over time. There is plenty of potential buying in this brew, and Amazon is a high-visibility issue. Longer term, I think Amazon is a great high-risk high-reward investment, just like it has proven to be to date. I think the best way to deal with this opportunity is to take a small long position, and add to it on weakness.

To: Rob S. who wrote (12824)	8/8/1998 11:22:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

General market weakness could cause AMZN to move down to the 90-95 level. It may take well into the fall for the drop to the 70 level, IMO. Rob, Your TA is typically quite accurate. I bought some OEX puts yesterday as a day trade anticipating a general market sell off late Friday afternoon. My basis for the sell off was all the violence around the world. I kept the puts since the sell off did not occur. What do you anticipate the general market to do early in the week? Thank you. Glenn