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

To: Jan Crawley who wrote (18462)	9/25/1998 2:24:00 PM
From: Rob S.	Respond to of 164684

I expect some pull-back in Amazon toward the end of the trading day if short-covering doesn't come in to drive the price up. We may see the inets trade in a range for a few days until some interest in the sector drops off a bit. The timing of the Prodigy and B & N IPOs next month will be something to watch out for as that could keep interest in the sector at an artificially high level; Amazon tends to benefit from whatever it is that drives new money to the sector, even if the long-term implications on the company is negative. In summary, I think the stock will trade with high volatility (as if that's something new) but will stay in a range for a few days then may pull down before these other IPOs hit late next month. The TA looks like resistance has been met at the 105-110 area. Be prepared to take quick profits on pull-backs. I think NOV exp. is safe because I expect all the major IPOs to be over by that time and the brokerage led hype machine to have moved on to other sectors. Also, we should see a lot of new shares chasing after money in the sector, both from the IPOs and from insider sales. My guess for the close is now slightly down to around 102.