Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IceShark who wrote (14997)	8/28/1998 10:53:00 AM
From: Glenn D. Rudolph	Read Replies (4) \| Respond to of 164684

Rob, I have a suspicion AMZN may just have been broken. Regards, IS IS, I belive it to be history now. I feel confident. Glenn

To: IceShark who wrote (14997)	8/28/1998 11:49:00 AM
From: Rob S.	Respond to of 164684

I think you are right. We have seen the technical indicators point to a top weeks. The momo investors largely left the stage and the few bulls that hung around weren't nearly enough to move the stock. If it weren't for short-covering, NZMA would not have held up as well as it has since first hitting the 140 level. With all the general market uncertainty entering the picture, nw there is nothing to hold the stock up. The price drop is on small volume relative to what you might expect with a major sell-off. This says to me that the "overhead" has hardly been touched and a lot of those who purchased at or near this price are left to jump ship. I just wish that I had not covered some positions yesterday. From a TA perspective, this drop is a major confirmation that the trend is now solidly down.