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

To: Olu Emuleomo who wrote (37185)	1/27/1999 3:08:00 PM
From: Rob S.	Respond to of 164684

I expected no drop in internet sales - just a flattening out to low or no growth. The stocks will trend down by this summer, IMO. We may still see a "significant" rally before they drop, but the extent of that rally is diminishing with each day that they fail to again catch fire. There just is too high of expectations and not enough new glory news to drive these stocks much higher. There will be a better time for long-term holders to buy. Real bears will likewise have to wait until the bright lights of the current growth binge that these stocks are basking in winds down - in about a year (after the next Christmas season) is my guess for that to happen: market saturation of current PC users will combine with increased competition to drive the overall vision of the future of these stocks down a few notches. I think AMZN may make another attempt at the 140-145 level and may cross through that temporarily if spurred by AOL or other major event. But I don't think Amazon will move on to new highs and will likely not move past that level. Never say never with these stocks but the odds of a big move are lessening.