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

To: Tenpole who wrote (14219)	8/21/1998 11:23:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

T, Thanks again!! I am beginning to understand your "gaps" and "unfilled gaps" TA analysis. Amzn's price is "artificially" set daily/hourly by the trading desks; backed by their respective controller/brokerage houses with an average cost base of less than $40. "Sell high/buy low" is their only objective; the trading desks gap the price up, they want the gaps to be met by buyers, not the sellers. The trading desks short Amzn when sellers show up, and gap the price up when shorts are buying. They know that the only meaningful buyers are themselves and the shorts... I will ask more questions/discussions during the non-trading hours and hope that you don't mind. What a day!! :)), Jan

To: Tenpole who wrote (14219)	8/21/1998 11:13:00 PM
From: Mike M	Read Replies (2) \| Respond to of 164684

<<Combined with last Thursdays Shooting Star, it is amounting to strong confirmation of the top. >> I'm not so sure, Ten....My chart still doesn't confirm a top...In fact a blast above 134 would suggest we could have considerable more to go.... I think AMZN has had plenty of opportunity to slide in the last few weeks and certainly did today.... I know the company is not worth this extraordinary price but Shooting Stars and Hanging Man's are easily invalidated by a surge in stock price....This stock may be manipulated, it certainly defies gravity, but I see no confirmation that it is going down right away..... On the other hand.....a shot below 118 could change my mind.....and, anyway, when this final run ends from wherever it rises to....AMZN is in deep trouble for a long time..... I am just not ready to call the top yet....I wish I were.....I had some October puts that I had to give up on and take a pretty good bath.... Regards, Mike