Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.39

+1.5%

1:13 PM EST

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To: Mark Fowler who wrote (69756)	7/26/1999 6:00:00 PM
From: GST	Read Replies (1) of 164684

Mark -- Naturally I didn't mean you are chasing these stocks -- I wouldn't know. What I did see on Friday was billions of dollars of net stocks changing hands as the 'buying panic' set in (somebody here used that phrase). More buying today as the price just slides. Sliding is what I think it will do until we get to the point where it just looks awful -- which is quite a ways down from here. We are now down from a peak of something like 220 on AMZN -- down almost 60% and dropping. It seems reasonable to me that we will see AMZN down 80% or more (i.e. 90%) before we find some base-building going on for the 'big fall run-up' -- if there is one. That is a lot of damage -- n'est pas?

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