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

To: Olu Emuleomo who wrote (54461)	5/1/1999 9:59:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Olu, >> I dont see 120. We broke out at 142. There is a possibility of a return there. Do you see a strong possibility of a close at 200+ in the next few months? My opinion is the down side is more likely now that the report was met with disapproval. The momentum players were badly burned. The shorts are euphoric and loss projections are approaching $300 million per year. The only positive is bond conversions which give Amazon more time to burn through their cash. That's great for the balance sheet, but creates more shares looking for a home. Someone posted "this pig got slammed". That was just a preview. Remember amzn got down to 150 while the optimism was still very strong. What if that Nasdaq sell-off happened now ?