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

To: Peter Bernhardt who wrote (16767)	9/10/1998 6:10:00 PM
From: Mark Fowler	Read Replies (2) \| Respond to of 164684

why anyone should expect anything other than a short bounce. If that.<< All the technicals are showing over sold, currently at the bottom of the trading range. Opening below that on the offer today was over done. It's time for a technical rebound--short-term-- up possibly until options expiration week. We could go above 100 this time.

To: Peter Bernhardt who wrote (16767)	9/10/1998 6:10:00 PM
From: Glenn D. Rudolph	Respond to of 164684

I sold the last of my puts this afternoon, so I have no axe to grind, but I still wonder, given Amazon's technical/fundamental situation and the current state of the market, why anyone should expect anything other than a short bounce. If that. I wish you well, but remain puzzled by the optimism expressed here by longs. Peter, I have been a pundant of the poor fundamentals of Amazon and still am. Others disagree which is what makes a market. I have learned that AMZn is a market darling and it is being bought regardless of known fundamentals. I can understand you being puzzled because I am too. I just got tired of fighting a losing battle. Broke too. Glenn

To: Peter Bernhardt who wrote (16767)	9/10/1998 8:26:00 PM
From: Rob S.	Respond to of 164684

Peter and Mark, I think Amazon will stay in a negatively biased trading range and is trading toward, but not at the bottom of that range short-term. There are several stock sectors and individual picks that are likely to move up by as much or more and are much less risky. ZNMA is a nice trading stock because it has such repeated violent swings but I have to agree with Peter that the longer term prospects of it moving up are limited. I think that for it to move up even just to the 120 area there will need to be some compelling news to drive it. Otherwise it will be tapped out at a declining range with the first substantial resistance around 95. More resistance is likely again at 105-110 and then strong resistance is likely at 125-130. I doubt NZMA will see new highs this year, if ever. The trend line is the most negative it has been in the entire short history of the stock. Good luck one and all!