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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.88-0.8%Nov 17 3:59 PM EST

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To: Bearded One who wrote (99753)4/11/2000 1:15:00 PM
From: rob108  Read Replies (1) of 164684
 
B.O. Careful! I speak from experience. I shorted INTC at 100 in Jan, and was right for awhile, buying some back. Then went for more at 104, and again at 116.5. Saw it go to 140 something, then closed out the whole thing during last Tuesday's wreckage. Phew. Not a nice time. It's stunning that a stock can hit an all time high at 100 and then add 40%. Personally I look at it at 139 and think..no problem, but it moves according to the order ratios that run sky high for the SOXX right now. This will change and AMD and MU will tumble too, but it's not so much based on market psychology. I wouldn't worry too much, but.. caution.
Happy trading, best, R
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