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


To: Sarmad Y. Hermiz who wrote (42505)2/25/1999 12:44:00 PM
From: gizelle otero  Read Replies (2) | Respond to of 164684
 
Let me ask you guys a couple of questions:

If the NASDAQ is down 2% and AMZN is up 8 points, what do you think will happen to the resistance at 122 when the NASDAQ turns around?

I would also like to know how many of you would stick with a short position above 122.

Finally, I would be interested in whether anyone trades by momentum, and whether the MACD "buy signal" AMZN flashed today has either the shorts worried or the longs feeling more confident that the pullback from $199 to $87 has reversed and we are now in another leg of a bull run in AMZN.

Thanks for responding; whether the writer is a bull or bear on AMZN, I always am willing to listen to others' opinions.