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

To: Glenn D. Rudolph who wrote (13431)	8/13/1998 11:40:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

It has the "feel" of a TOP. My TA and "feeling" on the recent move was that we would not see a re-test of the previous highs but would see a high in the 130s. If big short sellers decide to step in now with the volumes running as low as they are and momo players easing out of their positions, the stock could tank quickly. But I more expect a less dramatic drop because many of the short sellers have been scared off or have moved to what looks like greener pastures. With the big out-of-wack number of shorted shares having been covered, there is nothing to hold Amazon.com up now but speculators wild enthusiasm. I think even that seemingly unbounded craziness is wearing thin now. We may still see another suckers rally but then it should be it (unless Microsoft agrees to buy Amazon for $7 billion! -)