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


To: Sarmad Y. Hermiz who wrote (43384)3/2/1999 4:38:00 PM
From: Mike M  Read Replies (1) | Respond to of 164684
 
Sarmad-I wonder what ails amzn today ?

I am not convinced that there is a run left for AMZN....however, as I said in a previous post...the day we have no sequential high may well be the beginning of the new decline....Too early to tell but today qualifies as that day!

This market is laboring at best...There may be a run to new DOW highs but this keeps getting more problematic. Breadth stinks and fewer stocks lead the move upward 38 news highs today!

AMZN can only be manipulated so much at these levels and my guess is that it takes a positive market environment now as well as good news from the "spinmeisters"....

This is likely to become tougher to do!

Good trading today!

:o)

Mike