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

To: OtherChap who wrote (17279)	9/15/1998 3:16:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

AMZN has already collapsed over 50%. Patience. Uh oh, I better cover Lucent. Anytime CNBC mentions problems with LU 5 times in one day you know there is no more element of surprise.

To: OtherChap who wrote (17279)	9/15/1998 3:28:00 PM
From: Jay8088	Respond to of 164684

Not much encouragement for bears so far.. If DJ closes above 8,000 a short covering rally could develop prior to triple witching Fri. On a knife's edge as of now....

To: OtherChap who wrote (17279)	9/15/1998 7:18:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Once again a perfect call on the stock. ; -) AMZN showed some support in trading today - it trended along with the inet sector but held up in it's current range. Volumes in the sector were quite ho-hum compared to the "normal" torid level. The trading range as well showed less volatility than normal. - I don't think a huge crash is likely but more trading in a downward biased range. TA: Stochastic indicator looks bottomed out with some indication that a rebound is possible - given the steadying decline a rebound is likely to be muted unless some "great news" comes in to stimulate the sector or stock. The inet sector has lost much of its trend as a market leading (or following) sector. The flight to 'quality stocks' is passing them by. PDM/MDM indicators point to a weakening short-term over-sold. Slightly bullish. The Money-/Flow oscillator has remained in negative territory - the longest such period in the company's brief history. This shows the distribution (net selling) activity in the stock that many have observed in reading the stock ticker and inability to hold gains. The On Balance Volume (OBV) turned negative yesterday - the first time in the history of the stock. This is another indicator that buying has dried up and is bearish; support is dropping. The MACD continues to dive toward the extreme lows. This is a mid-long term bearish indicator. Being at the extreme of its range may be some cause for thinking the spring is loaded for some technical rebound. However, this indicator can rebound even while the stock trends sideways or even slightly down over a significant period of time. My speculative thinking is that AMZN is on a long-term downward trend with a few rebounds along the way being likely. New hype factors - such as new site developments or marketing alliances could release the short-term oversold condition but would likely serve only as opportunities for investors to either get out or sell short. The remaining large degree of short interest means that AMZN could briefly explode once again to the upside on short covering as we have seen happen repeatedly in the past. I think that any explosion to the upside will be short-lived and will meet resistance at around 85-90. Call options premiums have dropped like a rock. Puts are pricey but do not commanded the premiums that make selling them that attractive, IMO - I'll wait for a sharp move down or the start of a move up to sell them again. For now, I am still waiting on the sidelines for a more dramatic opportunity to occur in NZMA - other stocks are showing more lively trading activity and more extreme over-sold or over-bought conditions. Boring; Wake me up when the party starts or crashes!