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

To: Sarmad Y. Hermiz who wrote (45682)	3/15/1999 1:45:00 AM
From: Jan Crawley	Read Replies (3) \| Respond to of 164684

Which do you think amzn is in now? Sarmad, I think that Amzn is in a trading range for now, with $10 more down side than up. Borrowing Rob's top resistance at $142, and my reasons for the bottom price target of $110. You stated a few very good observations in a couple of your posts this weekend regarding to the response to Henry B's re-it. I will add to that: 1. Amzn's most recent two down swings of $90 and $86 had absorbed most of the repeated customers/recycled longs(from people who sold above $150); and cashed out happy shorts(who shorted in Jan). Now at $133, it's not a very interesting price level for aggressive buying. Without intensified short covering, it's will not go up much. 2. The options activities suggest average interest, more callers than put holders. Amzn needs more option support to push the price up. 3. Absent of the up-ward price push, Amzn can drop to $110 level upon daily/market selling pressure.