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

To: H James Morris who wrote (45350)	3/12/1999 10:52:00 AM
From: Rob S.	Respond to of 164684

I would not go long on the thing now. I will wait for a sell-off and better TA. I think this summer will bring opportunities. There are other stocks that have greater volatility and better chance of moving up (or down). If anything, I would wait for another attempt or two at the 138-142 level and then sell short. The factor that can change things, IMO, is what teh company reports about this quarter's sales - a figure that is likely to hinge on DrugStore.com as much as their own sales. They are likely to report leader status in the merging on-line Drug business - if that gets perceived as good news and investors somehow don't already have it factored in, then the stock should move up. Once this rebound is over, this stock will drop lower, at leaast to the 100s if the the 70s, IMO. That prediction is sticking my neck out there as this thing looks great from a quick read.