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

To: Sarmad Y. Hermiz who wrote (55272)	5/5/1999 12:23:00 PM
From: Miche Elle	Respond to of 164685

"do you think there'll be enough movement to justify buying for the short term?" sorry to get back to you so late (as you posed your question BEFORE the opening), however, if i had answered you before the opening, my answer would have been, "most likely no" and 3 hours into trading, i remain more convinced. i think it's too early to buy it at this level, however, i am not one who believes in trying to time purchases and sales to absolute tops and bottoms, and i don't think anyone can do that, short of lucky calls. it takes time to form bottoming action, and 3 hours is far from sufficient for that purpose generally speaking. trying to catch "pops" in a topping market (IMHO)can be a very dangerous game: lower highs, lower lows potential outweighs the potential for the opposite at this particular moment. besides, what's the rush to chase an overpriced stock like AMZN with no visible positive earnings for at least a couple of years in this increasingly uncertain market -- as I've been stating all along. all the best :-)