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


To: Olu Emuleomo who wrote (18805)9/28/1998 3:35:00 PM
From: M. Frank Greiffenstein  Respond to of 164684
 
Ask sizes coming fast and furious...

Nothing but blocks on the ask now. Can't be shorting because there is no uptick. The professionals are stepping in, selling off.

NAZ is deteriorarting as we speak. INTC getting killed, DELL has major profit taking setting in. YHOO still up $3, but below its open.

Nobody can tell me that Easy Al rate cut hasn't already been factored in to point of overbought status. I say MORE than a .5% rate cut has been factored in, .5 or less tomorrow will be disastrous. Of course, if Easy Al decides not to let market push him around.....naw, Al is too much the political creature.

DocStone



To: Olu Emuleomo who wrote (18805)9/28/1998 3:36:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
Interesting divergence of the Nasdaq and the Dow- the naz is down 13 points and the dow is up 44..

I'm really surprised, my puts are already up 15%, usually I have to endure a few days of pain before any short position I take in amazon makes money.. :)



To: Olu Emuleomo who wrote (18805)9/28/1998 4:48:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
It looks like AMZN finished in the gap but still with a nice gain for the day - technically not good but not as bad as it would have been if it had finished below the gap. I think the stock will head lower most of the week and finish close to 102.