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


To: Rob S. who wrote (27009)11/19/1998 3:44:00 PM
From: Robert Rose  Read Replies (3) | Respond to of 164685
 
I sold some earlier this week, because the technicals looked mediocre and there was all this negative fundamental news, as you have just pointed out. Little did I know that a rehash of old "news" - Videos! would rocket the stock upward like that.

The problem with selling/shorting the stock now in my opinion, is that you can never know what other "news" our beloved Mr. B. may also have up his sleeve.

Yes, it's the holiday season, this quarter should be very strong, inet stocks have the habit of running up before earnings. Seems like they have recently run up *after* earnings. So maybe the usual mid-quarter lull is finally upon us, but I don't want to take that chance.

Hope it gets to 120 - would certainly load up at that time....