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


To: Mark Fowler who wrote (17164)9/14/1998 4:47:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I don't like the way this stock looks right now Rob- it has decuppled from Yhoo. This
stock cannot stay above 70 and 71 it's going to the 60's. Don't know what the market sees
up ahead for this stock, but i'm not one to argue with it so i'm completely out of its way
today, lucky, at 79. I'm tired of watching it like a hawk. Perhaps it'll retest the 65 range
tomorrow. Those who bought at 90 and didn't get out well i say, watch and be ready!


Mark,

You have a point about having to watch it. It is very time consuming and can take ones concentration off another good trade.

I know about that too <VBG>

Glenn



To: Mark Fowler who wrote (17164)9/14/1998 7:05:00 PM
From: H James Morris  Respond to of 164684
 
Mark<Let's hope management has something to announce
soon >
Unless you know that Bezos is going to get an offer from Aol, Yhoo, Disney, or some other white knight. Dream on.



To: Mark Fowler who wrote (17164)9/14/1998 7:22:00 PM
From: Rob S.  Respond to of 164684
 
Agree; it's looked very weak over the past few days - it has decoupled from both the general market and the leading inets. The TA of the chart looks bearish - it has clearly established a downward trend and is less likely to go up than down. Shorts should watch out as this stock has a knack for surprise - I expect some announcements before too long about a "new" web site effort built around Junglee and PlanetAll. When that happens it's bound to attract a lot of media attention and renewed speculation - something I see as a probable opportunity for selling short or selling calls.

I am out of the stock myself right now - just sittin and a grinnin!