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

To: Glenn D. Rudolph who wrote (33683)	1/8/1999 5:49:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

The only way to play AMZN is to ride the momentum to the upside and then sell it when all the fools are still on parade. Being bearish or bullish about it makes no sense. Keep your head clear of prejudices and just watch what is happening. The "charts don't lie" - particularly at key times when extremes are reached. Amazon will now show up on technical traders charts - traders who don't give a fork about what the company does or which market they are in - the chart says sell, so they sell. When the chart says to buy again, they will buy. You can bet your bippy that they will not short or sell AMZN much in between the extremes. Despite the short-term over-bought condition, the overall trend for internet stocks is still up, IMO. But knowing which ones to buy and which ones to sell will be much more important for longs to make their killing in the coming months.