AMZN has been on an uptrend since mid 2006 and has almost quadrupled in value during this period. The stock has now met with resistance at $95 levels. The results (Q3 results and guidance for Q4 and FY '07) have clearly surpassed the expectations. We believe that Kindle and AWS will prove to be strong long-term drivers for the company. The company's agreement with Bill Me Later would result in savings in credit card processing costs. Aided by the strengthening fundamentals, Amazon.com Inc. is expected to penetrate the immediate resistance at $95 levels. A free and detailed report on Amazon available at http://www.traderthoughts.com states that AMZN will move to the recent high of $101 levels. |