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

To: Mark Fowler who wrote (58816)	5/27/1999 1:10:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>Do you know of any value plays in the internets group? ;-) Yeah. Amazon! Amazon has a lower price/sales ratio than Barnesandnoble.com.

To: Mark Fowler who wrote (58816)	5/27/1999 1:13:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

I don't think the leaders put in a bottom - at least not a solid one. That may be the case - from a technical standpoint stocks or sectors often rebound after coming down this much but so far it can't be said that this is the bottom of the current trend. I posted a few weeks ago that Amazon would probably find technical support at the 110-120 level and that appears to be the case. I expect that it will hold this level and has a 60%-75% chance of staging another rally attempt to the 130-145. But so far the action in the stock shows weakness and lack of leadership. My guess is that after the next rally attempt or maybe two attempts, the stock is headed down toward 70-90 by mid summer. The best Internet value play is Navigant FLYR. The earnigns will ease the debt burden and a major consumer Internet push will help it gain momentum. It's currently meeting a resistance level and will likely take some positive news to move higher than 9, but soon we should get it.