Thursday, March 11, 2004
=================
UPDATE on AMZN
Amazon.com (Ticker: AMZN)
Although rally from $41.50 support
level was predicted. The bullishness
of AMZN has greatly diminished or
even turning bearish.
Accordingly, a long/bullish stance
in AMZN is no longer justified and
any such posture should be closed
out, since the chance of significant
profits has greatly diminished even
before the stock began its move.
AMZN traded as high as $42.37
and is currently above $42.
UPDATE on AMZN
Amazon.com (Ticker: AMZN)
Although rally from $41.50 support
level was predicted. The bullishness
of AMZN has greatly diminished or
even turning bearish.
Accordingly, a long/bullish stance
in AMZN is no longer justified and
any such posture should be closed
out, since the chance of significant
profits has greatly diminished even
before the stock began its move.
AMZN traded as high as $42.37
and is currently above $42.
