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


To: Sarmad Y. Hermiz who wrote (54465)5/1/1999 10:16:00 AM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
>>>Do you see a strong possibility of a close at 200+ in the next few months? <<<

Sarmad,

$180-$190 is *very* problematic now. In fact, I screwed up by not setting a sell stop at $189. I have made up my mind to hold the shares I currently have until we close emphatically under the 50day EMA.
If we close over $190, I will go back in.
I *still* think we will reach that $234 bond conversion price within a month! Remember, this stock moves on internet time.
But we've got to conquer $180-$190.

--Olu E.
NB:- I made a bet in Feb of this year that AMZN would not see a new high before May! (AMZN was at $94 then)
Needless to say, I lost!