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

To: M. Frank Greiffenstein who wrote (18464)	9/25/1998 4:58:00 PM
From: Rob S.	Respond to of 164684

What is TAVA? Never did anything with that one. You've got the right attitude to have on AMZN and other high flying stocks is that they will go down, you just can't say precisely when. The TA tells you when NZMA is short-term overbought or oversold and the FA tells you if it is fundamentally cheap or inflated, but even a "sure short" like Amazon takes more patience or a deeper bank account than many short traders have. I have a fairly small stake in Amazon at this point but will roll it out and up if it doesn't move down soon. Maybe the additional IPOs will keep the heat turned up on the sector, or maybe Amazon.com will get speculators excited by announcing that they will sell lundry soap over the net or some other commodity that they can lose money at. Who knows. But the stock is now over-bought according to the TA and is up against the resistance level - so patience will pay out handsomely, IMO.