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


To: OtherChap who wrote (20429)10/7/1998 1:55:00 AM
From: Jan Crawley  Respond to of 164684
 
Hi, OC,

I think Amzn's stock price is in big trouble; but it's not going to drop 45 points tomorrow. But the drop can be deep and soon. Craig C. put it nicely; it's future as "the" major e-commerce force is pretty much out of the window.

I also think Amzn will drag Yhoo down too; cuz same players have been "playing" both stocks.

The only "real" support at this price level is short-covering. But when the real selling starts, few shorts will be in a hurry. This is real competition, the big money will have to smell it, even I can!