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

To: Tom Kearney who wrote (12832)	8/7/1998 6:01:00 PM
From: zax	Read Replies (1) \| Respond to of 164684

>The trend is down for both earnings estimates and recommendations. < Only the stock was up - $6.50! One last sucker rally before the great fall :)

To: Tom Kearney who wrote (12832)	8/7/1998 6:43:00 PM
From: Rob S.	Respond to of 164684

How intelligent; you can read. The stock was up just as I expected it to be and posted yesterday and today. This is just a technical bounce that is "to be expected" after moving down from 140. Amazon has a beta of over 4.5 - it is highly volatile (yea, no kidding!) and usually moves in concert with other inet stocks and the tech stocks. Short term the stock will probably continue to move up for another couple of trading days to around 120-130 and then will fall back down to 105-110 by the end of next week. I expect this rally to fall short of the previous attempts at the 140 level. But, please, by all means, bid this sucker up - the company insiders and VCs who are registered to sell you their shares and the bears love to see you pouring your money into it Amazon. Yea, I was wrong and you are right, forget what I said earlier - This company will shoot to 175 by January 1st! Time to jump on-board this runaway train! Go, Amazongonenuts.com!!!