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


To: H James Morris who wrote (47104)3/23/1999 11:03:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
James,

>> I'm no buyer but if the "Thing" goes below 99 (297). I think I'll short.

Obviously, if the friendly brokers turn against it, Amazon is dead. But why would that happen ? Two weeks ago, AMZN dropped from 135 to 118 on revenue concerns. Then DLJ and some other houses issued their re-it and it shot back up to 140. Now if you have the feeling brokers are turning less supportive, then that is a new factor. But why ? All the reports up to last Friday were supportive. In fact it gapped up to 143 last Friday on the strength of yet another "strong buy". So what has changed in the last two days ?