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


To: JimNewby who wrote (34952)1/14/1999 5:15:00 PM
From: KeepItSimple  Read Replies (4) | Respond to of 164684
 
>Monday will be the beginning of a new high or the beginning of the end,

This week's monday was already the beginning of the end. There's nowhere to go but down from here. A analyst from Jeffries was on CNBC 20 mins ago and after mentioning his downgrade of Yahoo, he said "I tried to come up with a model that could justify the current price, but even if I extended it out 20 years I couldn't do it."

And then, he was asked when he would buy any of these stocks. He said he thinks they might be attractive at levels 75% lower.

Amazon 25 by next tuesday. (my opinion)



To: JimNewby who wrote (34952)1/14/1999 5:39:00 PM
From: Gary Walker  Respond to of 164684
 
Lots of die hard rookie shorters dropped this puppy last week....

The pros may still be positioned, but they're not going anywhere. They can smell blood.

>The MM will drive the price up tomorrow to squeeze the shorts..

No short in his right mind will cover now. Meeker, the queen, has spoken. "Take money off the table." That means sell dude, that means sell. Brokerage downgrades everyday, and they'll exit in mass.

Will the last person please turn out the lights....the party is over.