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

To: Mike M who wrote (21339)	10/12/1998 10:52:00 PM
From: Mark Fowler	Read Replies (2) \| Respond to of 164684

I don't see a likelihood of a gap up tomorrow AM....stock closed below today's opening and on the low trade of the day...will more likely close today's gap and then some...But, I do think there is room for more upside and would concur that Glenn should keep an itchy trigger finger.<< I'd say there is a good chance that it could gap up tomorrow from its close or gap down slightly then head up. The indicators on this animal look to be bottoming and some up again. I've seen this formation before on Amzn. And with the indexes on the upside especially the Nasdaq (very clear looking at the indicators it's head up for now.) Dangerous, i wouldn't go short now. Timing is to this stock as location is to real-estate. Some clever fellow suggested that a move above 120 would be very bullish and a move below 80 very bearish....No degree of certainty (which way) from me in the short term but I am quite certain that below 80 is in the cards somewhere down the road - and that will result in a steep drop!!!!!! << I agree with this, but just how low or high is anyones guess for now. A technical retest to 65 on the low side and 120 on the high side would be reasonable considering Amzn high beta. But for now I'd keep my money is on the long side. would concur that Glenn should keep an itchy trigger finger.<< Yeh 10 points in the wrong direction on that is 70K in the red. And 10 point moves in Amzn and Yhoo in a day aren't unique.