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


To: Raiders who wrote (14837)8/27/1998 4:55:00 PM
From: Bill Harmond  Read Replies (5) | Respond to of 164684
 
>>Well Amazon did break its 14 and 7 day moving average and will go and test its 200 and 100 day moving average which is at 90 and i think 65.

I think a real bear could take Amazon to 65, but right now I'm watching the 50-day at 115 which has been consistent support thru Amazon's entire advance.



To: Raiders who wrote (14837)8/27/1998 5:01:00 PM
From: Sonny  Read Replies (2) | Respond to of 164684
 
Raiders: You have a much higher probability of being right than wrong ... irrespective of the market. Yes, heard it right ... irrespective of the market. If market slides further, the probability will be > 90%, and if market advances, still prob'y of you being right will be greater than 75%, imho. Once the buying starts, folks will first flock to really beaten down gems with real-life, current earnings, imo and there will be plenty of them to choose from! :-)

regards to all,
-/Sonny.