Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Jeff Olson who wrote (3342)	4/23/1998 9:24:00 PM
From: RFF	Read Replies (1) of 164684

Looking at after hours trading, it seems that most of the internet stock traded a point or two higher after the Infoseek news and then drifted back down to pretty much where they ended trading today - that even includes Infoseek - the last 3 trades were back down at $28 1/2. I think we might get a bounce in the morning as some scared shorts cover, but then the selling will start again. There isn't anybody out there who is going to step up and buy these stocks - except maybe Yahoo and AOL. If we do sell off again tomorrow - even after the Infoseek news - you can pretty much bet that the mania has cracked.

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