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


To: Sarmad Y. Hermiz who wrote (50414)4/14/1999 9:05:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
And for the 5th day in a row it lost its steam and made a loser out of everyone

Sarmad, told you that your trading observations are better than mine. My two cents: the up-ward moves to the low 190s was the anticipated e-push and it builds and needs momentum. However, we only have the trading short support left and the retail-fueled e-funds support are different from the past short support due to:

E-funds are not concentrated in single stocks, such as just Amzn.
E-funds are not vulnerable during up-ward swings
e-funds are less flexible and are higher profiled, all funds are watching each other
e-funds are more index sensitive
e-funds try to buy low and sell high
e-funds are mindful the convertible bond issues such as the price targets of $157 and 224..
Of course, that e-funds are all playing with other people's $$..

You'd think they have learned by now. Either that or ran out of money. No way for a while, i think that the swings will just continue, down, up, down, up....