Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.69

+0.1%

3:59 PM EST

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To: GST who wrote (104883)	6/12/2000 11:46:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

>> but overall you gotta wonder if the outcome will be more downside and a grinding, boring summer for the market as a whole. << A look at the NASDAQ chart shows lower highs and lower lows since the top in early March. Rallies are ending successively sooner (both in number of days and numeric rise). Drops last longer on both measures. I am becoming more convinced by the idea that the rallies are occurring at bottom points where funds buy but they cannot sucker enough individuals into the NASDAQ pyramid. Oh, I know the geniuses of the new economy are touting their new discoveries, but apparently they cannot find enough converts to unload to. Maybe the speculators finally got smarter. Though more likely, they just ran out of money. If what I'm saying is actually occurring, then AMZN should drop to 40 or less this time. And hopefully so will the other new economy losers. I hope you can get out of your money losing isld on time. It seems the tide turned already.

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