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

To: Glenn D. Rudolph who wrote (15854)	9/2/1998 8:43:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Even Merril can't keep this stock down. Only temporary effects of short covering, daytraders, "bargain hunting" Ffools (upper or lower case - you choose) who think it can still run to $300 (or even just back to $140 so they can get out with a profit) and those who're "averaging down". Actually, I thought sub-$70 was too far too fast, but a rally back to the July low is no big surprise. From here around $88, I'd say there is three to four times as much downside before meaningful support than there is upside before meaningful resistance. Good fortune, Bob