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


To: JFTRADERS who wrote (48838)4/3/1999 6:47:00 PM
From: Spytrdr  Read Replies (1) | Respond to of 164684
 
AMZN will retest $ 199 and fly past it.
the 3-1 split to be announced probably on earnings release date will be the fuel for another 100% rise from here, maybe more.



To: JFTRADERS who wrote (48838)4/4/1999 1:07:00 PM
From: H James Morris  Respond to of 164684
 
>> anyone expect AMZN to retest the 190's soon?<<
Yep, next week. I'm not going to change my strategy though.
I could cast off my 1k short shares but that would not allow me to profit on the down dips. It also makes sense for me to keep my 1k long shares in case we have a mild gap up then I could let my long shares run free on an accelerating move up.
For those of you that think I should be just long. This in my opinion is the best way to make a profit without exposing me to hardly any risk, other than my daily predetermined max pain.
Comments? Please.



To: JFTRADERS who wrote (48838)4/4/1999 4:07:00 PM
From: Miguel Octavio  Respond to of 164684
 
You could check www.nordby.com look at their technical pick of the day: Amazon, target price: $238

I am not a huge fan of AMZN as a stock because of its valuation. However, I follow a technical indicator called the TRIX (I look at the weekly one), well the TRIX gave a buy signal when Amazon was $120 or so, the magnitude of the TRIX has barely risen indicating (in my interpretation of it) an upside higher than that of Nordby. My target is $272 ......The TRIX is fairly good, it fails when there is bad news, the only bold prediction I made with it that failed was INKT when MSFT announced they would no longer use INKT. Given that yahoo reporst this week, that Amazon reports later this month. I think my target will be reached.

Miguel









To: JFTRADERS who wrote (48838)4/4/1999 4:10:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> Any predictions on Monday's opening price, anyone expect AMZN to retest the 190's soon?

How about Monday pre-open ? Then gap to 260, then a 3 for 1 split at noon, and close above 100 post-split ?