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

To: H James Morris who wrote (55627)	5/6/1999 9:24:00 AM
From: getgo234	Read Replies (1) \| Respond to of 164684

Tech analyst from Fahnestock was on Vcall yesterday near the close of the market (recording available). He was very very bullish on AMZN. In summary he noted that momentum was nearly expended on the downside. He also noted that money flows into AMZN were very bullish (this is interesting given the precipitious fall in AMZN's stock price). He is looking for a bottom of $ 121 but he recommended that investors start accumulating in the mid $ 130's. Interestingly, he thinks AOL has further to go on the downside- looking for a bottom of $ 91. IF AOL falls to $ 91 can AMZN move significantly higher as AOL falls ?