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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.16+2.1%Jan 23 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (129666)8/5/2001 2:21:58 PM
From: GST  Read Replies (1) of 164684
 
Sarmad: I think most of us will agree, the allure of a stock that is down so far that it "can't" go down much further has a hold on most of us from time-to-time. Who was the guy with the ten stocks last fall that "can't" go down any further? I need a reason to own a stock at this point -- and that makes it harder to find anything I want to own. Look at AMZN as an example. The stock is way down, but its chances for survival are doubtful, its prospects for making a profit are equally doubtful, and its prospects for growth are ancient history -- its a $2 stock and even at that it would be hard to find a reason to buy it.
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