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


To: Olu Emuleomo who wrote (46916)3/23/1999 12:28:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
Olu,

>> Dream on!

AMZN at 115 is not far fetched. Though I think buyers will put up a strong showing at 120. It depends on remainder of market. If a couple more earnings warnings, then everything will be down, including amzn.

I covered 100 amzn at 124.50. Were shorted at 129 3/4 a few days ago. At the time, that looked like suicide. Just like buying seems so now.



To: Olu Emuleomo who wrote (46916)3/23/1999 1:57:00 PM
From: Y2k_fan  Respond to of 164684
 
It will not hit $115 today, but it will be there soon.

You probably don't know how many people are placing and playing their tax money in the stock market.

There are not enough cash to support this kind of lofty level on internuts stocks.

Particularly AMZN and EBAY. We are talking about 20 BILLION dollars for a money losing company with unknown future!!

My tax rate has been in the top 1% three years in a row, even I am feeling tight on cash now.

Look this market to tank. AMZN will be at $70 in two months.