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

To: H James Morris who wrote (28905)	12/4/1998 11:11:00 AM
From: Chris Vu	Read Replies (2) \| Respond to of 164684

Amazon, along with Yahoo, is in a correction phase. Look at the chart for Yahoo and Amazon, and you will see what I am talking about. They are gradually slipping down--today's high is lower than yesterday's, and today low is lower than yesterday's. That's the sign that the Big Boys are slowly unloading their inventories. They can't do it all at once for fear of panic. But, they will sell and try to provide support all at the same time. If Amazon closes below 182 today, it will find support in the 135s level. The ones buying at this level will be in for a rude awakening. I am neither short or long, just holding my cash for that big correction to come. Why sweat to make a few points when you can buy Yahoo, Amazon, Cisco, Microsoft, and the likes 20 to 50 points down? JMHO.