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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST

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To: GST who wrote (73101)8/11/1999 4:15:00 AM
From: KeepItSimple  Read Replies (2) of 164684
 
>I expect that the economic data will scare the crap out of the market
> for a few days

Daytraders don't care about P/Es or earnings or fundamentals- why do you think they would possibly care about even a 1/2 point interest rate rise? Even 15% a year on a 12 month CD would not be attractive to these people- they're looking to double their money every 6 months.

The daytraders are back. No sense in fighting it. Just buy calls on anything under 100 bucks that ends with .com.
That's all there is to it.
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