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


To: Jan Crawley who wrote (35759)1/21/1999 10:56:00 AM
From: H James Morris  Respond to of 164684
 
Jan>>James, while you are in the Casino,<<
I just got back from Las Vegas yesterday. I stayed @ the Desert Inn.
I asked the pit boss why it was so quiet? He said " most of the gamblers are staying home, and gambling on the Internet".



To: Jan Crawley who wrote (35759)1/21/1999 10:59:00 AM
From: Rob S.  Read Replies (3) | Respond to of 164684
 
We've met the 105 level and it appears to be holding for now. I think it will float around this level until next week when earnings are due out. As I though might happen, it dropped quickly below 100 and then came back to the level established from DEC 20th through JAN 4th. AMZN didn't spend much time at that level but a lot of shares were traded there. I don't think that is a floor on the stock but may hold until the perception is tweaked by the earnings or further adjustment in the general awareness of Internet speculators. We've already had 10+ million shares traded this morning while the stock has rebounded - signaling that more investors are coming in to pick up a "bargain" they missed during the previous run up. The trend remains down and it could go in either direction, but probably not before some sideways action.