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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Alec Epting who wrote (5629)10/1/1997 11:18:00 PM
From: Bill Wexler   of 9285
 
I noticed that also...scary...isn't it?

A billion share turnover in one day on NASDAQ. You mentioned AMZN. Did you notice that it's capped at over a billion, has no profits, miniscule revenues compare to other bookselling competitors...and it's price fluctuated intraday by a whopping 15% for two days in a row?

I think those guys on the "Big Kahuna" thread shouldn't worry about a general market decline. They should take a real close look at NASDAQ all by itself.
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