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

To: Jan Crawley who wrote (18036)	9/23/1998 3:28:00 PM
From: Jay Rommel	Read Replies (1) \| Respond to of 164684

Total carnage now ... For the shorts .... Greenspan effect ... AMZN will soon be in the 110 or above ...

To: Jan Crawley who wrote (18036)	9/23/1998 4:15:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

A very strong close for the market and the inets - Amazongonenutty.com in particular. This momentum should continue into Thursday or maybe even into early next week. Pretty much what I expected - the strength of Amazongonenutty.com is aided by the weakness of the short-sellers who are covering. How high can it go? - As long as the shorts run scarred and the hype machine is gaining momentum. eBay goes public tomorrow which adds more fuel to the fire. AMZN could move up to the 120-130 level but I think the 110 resistance level will assert itself - don't expect more than a brief move thru the 105-110 level if at all. Now is the time to just start selling short or selling calls. Bears not into the fray at this point can benefit from those shorts who are being squeezed out. The momo players are jumping on board but will jump ship at the sign of a loss of momentum, IMO.