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


To: H James Morris who wrote (18966)9/29/1998 8:35:00 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 164684
 
Kinda new. They cut off my internet connection at work so I can't trade or go on SI. I just resigned and took a job offer on Wall Street. I'll be with you guys for a month to spout off my trades (good and bad) until I move to Manhattan.

As it stands, you're up on your RNWK. Watch the stock now every morning. Up on the open, then a massive selloff, then a 50% bounceback and a slow deterioration throughout the day (but off the lows).

It will start happening with AMZN soon (latest is by Yahoo's earnings). $120 looks to be a top although we could see one more run up to maybe $125-$130 I think.

Eventually people will get smart and realize what's happening. You're just ahead of the curve.

RNWK though is way overbought and you would not be stupid shorting it now.

ALL MY HUMBLE OPINION OF COURSE and make sure to cover if you see a technical breakout!!!