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

To: timmask who wrote (35429)	1/19/1999 10:55:00 AM
From: Robert Leverton	Respond to of 164684

I think we can agree it is channeling between 138 - 144. A very narrow range for Amazon. Lots of shares trading hands for such a narrow range. A sustained breakout in either direction will provide insight into the next few weeks. Although money is to be made on a stock churning in a well bounded range. Good luck. Cheers, Bob

To: timmask who wrote (35429)	1/19/1999 11:17:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

I think there is a fair amount of money that has been taken off the table but a lot of it will move into more sound sectors over the next few months. More newbies will flood into these stocks for sure and there will be winners, but the heyday of speculation has ended for a while. Throwing your money into the high flyers for more than a pop is very risky at this point. Amazon could hold this level and then make another run toward the 190 level soon but, IMO, it is headed down another 50% by this summer. The volumes have moved much lower as the stock has declined - a positive for bulls. Increased buying could force the stock toward the up side. These stocks tend to be valued on the number of press releases or other publicity they can generate so I wouldn't rule out some meaningless announcement having an exagerated effect on the stock. Once again the reaction of short sellers to a move up has as much or more to do with the xtent of the move than investors coming into it.