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

To: Jan Crawley who wrote (55567)	5/5/1999 10:45:00 PM
From: Sarmad Y. Hermiz	Respond to of 164684

Jan, >> But hardly participated this time, from 221 to..whatever. So time to re-think and new strategies are needed. << I missed the whole move, too. But I just wasn't getting a fix on it. I disagree with all the people on the thread who say there is support at this or that level. If there is support for amzn, it is below 100. As someone said, 140 is not support, it is where the bleeding stopped on a a particular day. Today's turn-around was not support for amzn, rather the dow and nasdaq baskets started buying on news re interest rates. AMZN, and the longs in amzn were just lucky by-standers. Of course a drop of 80 pts in 5 days does exhaust the sellers. So both factors worked to our favor. Hopefully the momentum traders will mis-interpret this as amzn specific, and will gap up 10 pts in the morning.