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

To: Sarmad Y. Hermiz who wrote (46817)	3/22/1999 7:13:00 PM
From: fedhead	Read Replies (1) \| Respond to of 164684

No you actually buy when the stock makes a new high or breaks out of a consolidation pattern on high volume. NSOL had already run up a lot so buying NSOL at 300 wouldn't have been a good move. Buying ATHM when it crossed its old high was a good move. Buying AMZN when it breaks out of its current trading range on large volume will be a good move as AMZN typically makes a monster move after breaking out. That hasn't happened yet. Sure you can get whipsawed a number of times and take a few small losses but when you finally catch the monster move on AMZN it will more than make up for the small losses you take along the way. The risk is not bieng in AMZN for the big move upward (or downward if it breaks down on large volume) . The above applies to YHOO as well. Anindo