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


To: Sarmad Y. Hermiz who wrote (46974)3/23/1999 2:47:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
>> Maybe a close of 130???

I doubt it. Only if dow and nasdaq reverse and go up. But that looks very unlikely today.
Why is everything down, anyway ?


Sarmad,

The media is claiming the cause of the down move is earnings fears. I do not agree but I really do not have a reason. I suspect many will perceive this as a buying opportunity and the market will move up towards the end of the day. I do not expect the indexes to go positive but the larger cap stocks will be what is bringing the indexes up. Thus, a close of 129-130 on AMZN. That is my belief on this.



To: Sarmad Y. Hermiz who wrote (46974)3/23/1999 3:13:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Sarmad,

The indexes are not cooperating:-( Making 130 will be difficult.