After watching the last two days market action, I'm starting to think that the reason these stocks are going up is NOT because of manipulation, but rather the daily-increasing number of people who sit around and day trade online while watching CNBC.
While Vinik, if he is involved, and mary and the rest of them may have some influence through outlandish recommendations and short squeezes, I think that ultimately there is an endless supply of greater fools in this stock. Just look at KTEL, and EarthWeb.. Earthweb has gone insane! This is starting to look like the world monetary crisis of cash fleeing from individual countries in a mad rush, causing economic collapse in its wake.. Boom and bust cycles. Online investors as a group represent extreme volatility since they allow millions of individuals to make daily stock trades, which used to be unheard of. I dont think people realize the volatility that this will cause in the future when EVERYONE is online with automated trading programs.. Stocks will be ganged up on and shorted down to .001 cents per share, then short squeezes will occur 20 seconds later with prices soaring 10,000 percent..
Now, the question is, why did netscape suddenly collapse?
In any case, I'm still short Amazon, because I think the market is heading for a train wreck in the next week... Jerry Favors called last friday as the top, and so far he has been correct. He's predicting like 6000 on the dow very quickly..
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