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

To: M. Frank Greiffenstein who wrote (22179)	10/19/1998 11:57:00 AM
From: umbro	Read Replies (2) \| Respond to of 164684

Doc, on Amazon's chart, quote.yahoo.com I'd look at this as a stock that has tested the low end of its range (in the 70 area) twice, and is trying to move back up. I'd look for resistance in the 110 area, and expect the stock to retest the 125 to 130 area. Why Amazon trades so bullishly, I haven't a clue. I wouldn't look at today's price topping out in the 106 area as being particularly negative. It is a 10-day high after all. Also, I think the fact that the B&N & Bert news, and the Walmart suit haven't slowed this stock down, is bullish for AMZN.

To: M. Frank Greiffenstein who wrote (22179)	10/19/1998 1:45:00 PM
From: Olu Emuleomo	Read Replies (2) \| Respond to of 164684

Check out Gary Smith's thoughts on AMZN chart at.... Frank, I respect Gary Smith. But I cant short AMZN until AMZN does what it has NOT done in the past 2 yrs. ie CLOSE UNDER its 200 day EMA. We seem to have vanquished $100. Now watch $110. A reversal can happen at any of these key points. $100, $110, $120. Like I previously said; a close over $120 is unlikely, but it is trouble for the SHORTS if it ever happens. A close under $100 is suspect. A close under 200day EMA (currently $79) is a license to short. --Olu E.

To: M. Frank Greiffenstein who wrote (22179)	10/19/1998 4:04:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

There is a lot of resistance built up at the 115 level and then again around 130. You don't have to understand charts to understand that when a stock makes several attempts over a period of months to push through these levels but fails that this corresponds with the fact that many investors who bought the stock at lower levels are willing to take a profit there and many investors who bought when it moved up to those levels will be happy to get out when it returns. Fear and greed. When the stock moves to what is now perceived as the lofty levels of 120-130, their have proven to be plenty of fear to off-set the speculation that it may go even higher.