SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.16+2.1%Jan 23 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: C. K. Humphries who wrote (37742)1/31/1999 7:43:00 PM
From: JOHN W.  Read Replies (1) of 164684
 
AMZN, will gap down on Mon for the following reasons:
1. ALL TA indicators would have to be wrong, to not see at least at 10 point drop.
2. History tells us that all sector manias, last 90-110 days. We will see if history repeats itself.
3. Meeker and Blodget have not cut, but the stink of it is both firms are telling their clients over the weekend to take money off the table and buy back later.
4. Jan sales were down 35% from what was expected. Feb and March sales would have to surpass those of DEC during the Holiday highs to meet quarterly estimates.
5. Option activity indicates 90 at expiration.
6. The lower volume and volatility is discouraging the day traders.
7. The junk bond fiasco last week, illustrates that this internet mania is at an end.
8. Insider selling last week was at a 3 month high???
Those who do not learn from history are doomed to repeat it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext