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

To: Miche Elle who wrote (56876)	5/16/1999 10:19:00 AM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

but I tend to disagree that AMZN is a buy at 132 here...looks like a 50/50 proposition on the chart whether or not it will break to the upside, or downside. Miche Elle, It's not 50/50. Its more like 90/10 that AMZN will break to the downside. YHOO looks like it wants to trade b/w 150-175, but negative actions by the Fed will change that. AMZN looks headed for 125 or below; thus, its a GREAT short at 147 and above. If we go below 120, then the trading range becomes 100-120 bigcharts.com I especially hate the way AMZN was rebuffed exactly at its 50day EMA. Not good. --Olu E.