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

To: John Donahoe who wrote (54507)5/1/1999 4:50:00 PM
From: Sarmad Y. Hermiz  Respond to of 164685
 
>> Are there a critical mass of bulls out there still willing step in and buy at pull backs and enough momentum bulls willing to push it higher?
<<

Well put. My own answer is yes to the buy at pull backs, and no to the push it higher. After last week, whoever employs the "buy at new highs" strategy cannot feel very savvy now. Anyhow, they lost their money, with the $50 drop.



To: John Donahoe who wrote (54507)5/1/1999 5:15:00 PM
From: MSI  Read Replies (2) | Respond to of 164685
 
A true breakout would propel the stock to about $300. IMO.

Are you strictly trading or a long term buyer? Where do you see the price in 5 years, and the volume and earnings at that point? I still have the idea that it's overvalued, so I'm trying to learn what a buyer here would think about the long term, and why.


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