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

To: getgo234 who wrote (57191)	5/17/1999 10:52:00 PM
From: Sarmad Y. Hermiz	Respond to of 164685

>> Any comments on the upside target for AMZN for the next day or two absent any surprises from the FED tomorrow ? Thanks << My opinion ?? Is this some sort of joke !! Did you see how wrong I was today ? I thought this thing would stay at 122 or get a little lower. Did not in the least anticipate the reversal and the run up after that. But anyway, with today behind us, I have to believe 1- buying started around 12:20 and was not amzn specific, but a whole basket, because AOL, yhoo, intc, ebay and others all took off at the same instant. So a fund with much money was buying. 2- obviously so close to fed meeting and still not worried about rates. I think they think there will be no increase. 3- I heard fund flows are still very strong. So, I think gap-up in the morning, and I think it will stick. And 145 to 150 is very likely either tomorrow or next day.