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

AMZN 222.65

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3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (106861)	8/2/2000 12:09:01 PM
From: Olu Emuleomo	Read Replies (1) of 164684

>>>It would also put back into the labor force about 8 million daytraders. Sarmad, I doubt it. The mkt is too volatile to put daytraders out of business. Just look at the Naz. Up 100+ points on Monday, Down 80+ on Tuesday etc... I think the volatility is here to stay, which means daytraders are here to stay. Heck, daytraders are probably contributing to this volatility in a big way. 10 to 15% intraday swings are now commonplace in tech stocks. I think this is the wave of the future. Many mkt players will have to relearn their craft. I think that's why mkt gurus like George Soros, Julian Robertson etc.. bowed out a while ago. The mkt is just too strange. --Olu E.

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