Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

3:59 PM EST

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To: Olu Emuleomo who wrote (69335)	7/24/1999 7:36:00 PM
From: GST	Read Replies (2) of 164684

Olu -- buying AMZN was obviously a good idea Friday. My point is that it is a very dicey time to take it home for the weekend. Sure, this market could just be having a big burp, and AMZN could predictably bounce each time it tests something big, like the 200 dma. But there is growing evidence to suggest that the market is ready to barf up a lot of stock -- a lot of stock with fewer buyers. It makes me think that it is very risky time for those playing games with AMZN stock. In this musical chairs environment, taking the stock home means you are prepared to use it as wallpaper if the market bombs one morning when there is NO demand and a ton of supply.

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