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


To: majormember who wrote (16633)9/10/1998 11:23:00 AM
From: James Strauss  Read Replies (2) | Respond to of 164684
 
Skane:

We've crossed that 79.00 threshold to the downside without the bounceback we had last week... We now have both the Technicals and Fundamentals in sync to the downside... The Dam is ready to burst into a series of downward cascading price movements... Those looking for a bounce will panic out of the stock as it keeps falling...

The trading game is over with this musical chairs stock... People would rather buy companies like Lucent, Dell, Chase Manhattan, etc., on dips because they have real earnings... We are now seeing money flowing out of AMZN not to return...

Jim



To: majormember who wrote (16633)9/10/1998 11:49:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 

<I just went long AMZN at 77 1/2>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Glenn,

Gotta admire you. You really do have big hairy ones.

Good luck................Skane


Skane,

This is a day trade for me only. There seems to be support betwwen 77-78.

Glenn