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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: HG who wrote (73538)8/13/1999 12:15:00 AM
From: GST  Read Replies (1) of 164684
 
Actually happy my first post here was on the day that AMZN hit 199 -- don't remember the exact date, but it must have been around the end of January or early February -- and I was saying don't get suckered because it has peaked -- and it had. I made post after post saying the trend is down -- and of course it was true although there was lots of howling about me being negative. It made a run down to 84 two days before options expiration and I bailed -- deciding enough was enough for the time being. I said I expected a rally and we got one. As we approached 'earnings' reporting time, Sarmad and I had a long discussion about the next peak which we expected at earnings. We saw 221 the day before earnings and now we are down 60% or whatever -- so all and all I don't think I have been too far off or just crying wolf -- pretty much on the money if I must say so myself. I remember what you did not like was my contention that AMZN is not a stock you can count on in the long run to make you money cause it has the potential to go bankrupt -- and I stand by that remark cause I believe it is possible. You bet me something to do with eating a hat etc. -- so I have been negative on a pretty crappy stock -- whats wrong with that?
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