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

To: Bill Harmond who wrote (60386)	6/4/1999 12:06:00 AM
From: Winston Lee	Respond to of 164684

William, I think sentiment plays a huge role in how the internet trades, especially greed and fear. Prices overshoot on the upside as well as downside. In order to call the bottom on this huge correction, I think there has to be some evidence of price stabilization i.e., decreasing volatility and evidence of base formation. Unlike January and last summer's corrections, I think more people are more heavily leveraged, leading to a potentially dangerous situation. Although I remain very bullish on AMZN over the long-term, I expect it to retest the $97 level. Regards,