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

To: RFF who wrote (23052)	10/26/1998 12:17:00 PM
From: Rob S.	Respond to of 164684

The TA indicators are still mixed although much more at the trigger point than in the recent past. My thinking is that some new announcements about how the company plans to unfold additional products and further infuse PlanetAll and Junglee capabilities into the Amazon.com web site are likely. A stock split or secondary offering is speculative, but a possibility. I am sitting on a long position against which I already have sold in-the-money calls. But I have not sold additional naked calls because I am waiting to see the speculative fever peak and for the earnings and cc. The Stochastic indicator is above the 90 level and near it's all-time highs for the stock. It reached this level before back on June 16, at which point the stock continued to climb much higher. However, at that time the money flow oscillator was soaring strongly into positive territory - an indicator that money was flowing into the stock. The MFO is still in negative territory - a truly AMAZING feat for a stock that has risen so much over the past several days. Hmm . . . what's going on here? The PDM/MDM indicators are at a greater extreme but still are not to the point of showing an extreme over-bought condition. They can be considered as still positive until other indicators show up negative or the stock gets further extended. The MACD is still well bellow the levels set when the stock made previous moves to this price level back in July and August but is at the same level shown during the last attempt at the 120 level. This can be considered somewhat bullish. The longer term trend in this indicator is still very bearish - something that won't change until the money flow situation improves dramatically and the stock reaches past 130. The relative strength indicator is still bullish but is extended to a short-term over-bought condition. The candlestick indicators don't show me that much one way or the other. A shooting star would be a nice sign of a top - but I'll have to wait and see. I am waiting on the cc and earnings report and any announcements that may come out at that time to judge when to sell NZMA. I think with a bit more hype the stock could pierce the 120 level and move up to test resistance at 130-138. On the other hand, if the high level of speculation is not met with some great announcements, (and maybe even if it is) then it will be a situation of "buy on the rumor, sell on the news" - something we have seen with Yahoo! and other stocks despite exceeding analysts expectations.