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


To: James Strauss who wrote (16650)9/10/1998 11:26:00 AM
From: majormember  Read Replies (1) | Respond to of 164684
 
Jim,

FANTASTIC!!!

Have you changed your $50 support price?? Sounds like we may
go lower before Oct expiration and then we can all really party<g>

Regards,
Skane



To: James Strauss who wrote (16650)9/10/1998 12:46:00 PM
From: Mark Myword  Read Replies (1) | Respond to of 164684
 
>>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 <<
James - I couldn't agree with you more. This stock is headed to the $40 range in a big hurry. At that point, it will be around 4 times overvalued, instead of eight. The third quarter (loss) numbers, in conjunction with the broad selloff that is occurring, will completely trash AMZN. Only the lunatics will be long at that juncture.