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


To: GST who wrote (54858)5/3/1999 5:19:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Gst, I love cyclicals. I know you trust me.:-))
Ps
Japanese index too. Who cares if "I's" are out?



To: GST who wrote (54858)5/3/1999 7:02:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
GST,

>> but after the earnings you pretty much targeted the 120-40 end of things and that looks to be where we are headed.
<<

We underestimated the enthusiasm of amzn buyers on the way up. We must not underestimate their despair on the way down. The 120 - 140 range may hold for a couple of days if the rest of the market is OK. But I think the down side is much lower. The 80 level may bring in some buyers.

The momentum buyers of the breakout do not look like such geniuses after all. Hopefully this amzn breakdown will cure this particular type of insanity.