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

To: Jan Crawley who wrote (18871)	9/28/1998 10:11:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Now I wish I had bought calls or sold puts a few days ago - but the past is past and now I am hoping the stock gets to an extreme over-bought condition. We may have reached it today or maybe not until we see 132, who knows when the absolute top will be reached? But the resistance today was substantial - an early move up on relatively light volume (draw the suckers in) followed by a decline the rest of the day and large volume as the stock dropped in price. The fact that there are still buyers at this price is a testiment to the strength of the internet fever. But I think unless we get a 3/4 point drop in ineterest rates that the market will trend down with the internuts leading the charge! Some analysts say that the market may go down more with a 1/2 point interest rate drop than with 1/4 point. The larger drop will indicate a more severe problem in foreign economies.