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

To: Rob S. who wrote (16398)	9/8/1998 10:41:00 AM
From: Eric D. Moody	Read Replies (2) \| Respond to of 164684

How high can a "dead cat" bounce? Whoever bought this dog at the open must be smarting a little now. However, the shorts all seem to cover at 90.

To: Rob S. who wrote (16398)	9/12/1998 1:33:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

As luck would have it, my "goof" in predicting a market rebound for this week wasn't that far off of the mark after yesterday's rally. As I expected, investors want to get past the "Clinton Factor" and make at least some return to the markets. "Sell on the rumor, buy on the news" seems to be the rule for the day - the market uncertainty is worse than market reality. There are real concerns left in the market with some stocks trading at over-valuations, but there is also many signs of improvements and more stocks that are fairly or under-valued. It's going to remain rocky, IMO, but volatility will gradually ease over the coming days. ZNMA is unlikely to rebound to above the low 90s and a declining trend line appears to be established. I don't expect it to drop quickly or move lower than about 65 in the next couple of weeks. Going into November, it is very possible to drop into the 50s or even lower, depending on results of this quarter and effectiveness of the several competitors in nibbling away at ZNMA's market share and margins (what margins - they only have losses!).