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


To: GST who wrote (35555)1/20/1999 3:49:00 PM
From: CoffeePot  Read Replies (3) | Respond to of 164684
 
just bought 2k @ 110 13/16

I still think AMZN will recover.....



To: GST who wrote (35555)1/20/1999 4:47:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
It will,IMO, break lower than 100 tomorrow. AMZN should show some resistance at the 105 level. We may see a bounce to the 105-120 range after it falls through 100, but then again the climate of despair for these stocks has hardly begun. Money is certainly flowing back into the market as some Amazon bulls predicted, it just decided that there are other places that are safer and more profitable to put it. The greater fool was the person who last bought AMZN at 199.

Today was a confirmation of the trend - higher volume met with little resistance throughout the day.