SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: MoonBrother who wrote (52434)4/23/1999 11:02:00 AM
From: A T  Read Replies (1) | Respond to of 164684
 
Just heard on CNBC that one of the brokers (goldman?)
came out with a buy on pcln and also mentioned amzn and
ebay. The cnbc guy says that why amzn and ebay are up
when the nas is down.



To: MoonBrother who wrote (52434)4/23/1999 11:05:00 AM
From: Ron Kline  Read Replies (1) | Respond to of 164684
 
Although many breakouts have faltered of late I think AMZN has been holding well through all of this. Also I think earnings have yet to be reflected in the price. It's always a risk to buy at the highs but if you are right the gains can be very rewarding and is actually a safe place to buy during good market conditions. With earnings coming and recent upgrades I think it's worth a bet. The key will be the market. When you have big down movements in NASD nothing can hold up even the best of companies, breakouts or not. AMZN looks to be having a big volume day and holding $200 range, very positive. Let's hope the party is starting, not ending.
Ron



To: MoonBrother who wrote (52434)4/23/1999 11:28:00 AM
From: John Donahoe  Respond to of 164684
 
RE: But looks to me AMZN is holding $200 extremely strong. Now seems $200 becomes an entry point

I think a "blue sky" breakout must be based on the closing price on unusually high volume and at least 3% above the previous highest close that established the original overhead resistance.

That's a TA rule from the old days of charting.