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

To: Mac S. Giballa who wrote (36586)	1/25/1999 3:28:00 PM
From: Andie Wei-Ku Lin	Respond to of 164685

Maverick Technical Analysis of Amazon.com (AMZN) Maverick maintains a long position in Amazon.com. Based on our technical analysis, on a intraday basis (1/25/99), Amazon.com needs to break about 116 1/2 on a closing basis to forge a strong breakout to the upside. Our short-term upside target is $135-$140. There will be considerable resistance at $119 1/2 and $126. Keep in mind that Amazon.com does not present a fundamental play for us...it is, as is other internet issues, purely a commodity/trading issue. For those who believe in Amazon.com on a long-term, fundamental basis, that is fine. Maverick is a technically-based asset management firm. While we do incorporate fundamental analysis, it is moreso on an industry-wide basis (e.g. oil stocks look poised for a reveral, etc.). That said, the inability of Amazon.com to break about $116 1/2 on a closing basis should prove somewhat negative going forward into earnings. As a sidenote, for those who choose to day-trade Amazon.com, note that it follows, on a momentum-basis, the DJIA and overall market. It will not rally if the market is not moving higher. Andie W. Lin nsx.net