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To: Dan Proctor who wrote (3366)6/2/1999 2:34:00 PM
From: JF2155  Read Replies (2) | Respond to of 7772
 
DAN --EBAY paused at 162 --but still strong bidding here -could see 180 today or at least back to 170 resistance.(support)
JIM



To: Dan Proctor who wrote (3366)6/2/1999 3:05:00 PM
From: ShortyBear  Respond to of 7772
 
Um, I believe that the second "bottom" is supposed to
be at a slightly higher price than the first to establish
a base for growth. Otherwise it may be a no more than
a resistance point on the way down. (i.e., to those longs
who are already bleeding a little, it might be wise to get
a few more bandages ready just in case, because 151 7/16 is
only 1/16 different than 151 1/2, the difference is so
small that it might not be a significant indicator).

On a related note, I think it's ironic that some people on
this thread have compared AMZN negatively to EBAY. There
is often a correlation between the prices of these two stocks:
where AMZN leads, other stocks like EBAY will probably follow.
For example, if AMZN heads south toward $10/sh, it's probably
not a bullish sign for EBAY, even though these two companies
are competitors in some markets.