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

To: Olu Emuleomo who wrote (45997)	3/16/1999 1:04:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Olu, >> Although I think that range is 130 -- 140. The reason I say 120 to 140 is that it was a report by Jamie Kiggen that took it from 120 to 130. So if I make the assumption that Henry B.'s note lost its effect. And that Keith B.'s note was ineffective, Why should we assume that Jamie K.'s note will enjoy durable respect. So either brokers have power over the stock, or they don't. If they do, it should be at 140 right now. If they don't it should be at 120. And if undecided, somewhere in between.

To: Olu Emuleomo who wrote (45997)	3/16/1999 1:18:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

The stock has failed to respond much to all sorts of cajoling and hyping by analysts. Today's announcements that they will float up to over a billion shares of stock doesn't help the long-term prospects for the stock, IMO. When this stock becomes as diluted as Sears or Wal-Mart, it probably will have nearly the same attraction to speculators. In the short term, the stock remains in the same range it has been in - still awaiting the kind of news that Internet investors clammer for - "Sales at Druggy.com have skyrocketed and Amazon is again at the front of the pack in an emerging category of e-sales." That announcement is probably forthcoming, IMO, but it remains to be seen if it will finally be enough to propel the stock through the 142 resistance level. So far the short-term indicators have shown a bit more bearishness but not a clear indication of which way AMZN will go. The longer term indicators look bearish. Several other stocks in and out of the sector have been more rewarding and safer bets. Amazon will probably make new highs by this time next year, but before then it is likely to trade down near 70-80 by this summer.

To: Olu Emuleomo who wrote (45997)	3/16/1999 1:22:00 PM
From: Jan Crawley	Respond to of 164684

My sentiments also. Although I think that range is 130 -- 140. Also, I think AMZN is fixing for a split. (by planning to authorize more shares) Olu, see the problem is that the shorts are taking profits and covering losses much much more quickly and frequently; and all of them are trading too!! This is a "zero sum" game, if eveyone wants to make $$ and take $$ out of the same hat, it will become an old hat!