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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 238.17+0.6%Jan 15 3:59 PM EST

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To: Mark Fowler who wrote (6488)6/17/1998 11:05:00 PM
From: Mike M  Read Replies (2) of 164684
 
<< It'll go much high long-term but right now there's too much risk holding this one.>>

Mark, I know you think that....but, unless you have been doing the future time travel...you are simply speculating....People have to believe that it is going much higher to pay up to these prices but no one knows if this bubble is going higher.....

It gets back to an earlier post, we are either at or very close to a point where risk outweighs potential reward significantly....at this point the big boys will jettison...Whether the buying begins again will depend on a lot more factors than what you or I think....

Mike

P.S. Until today I was a bystander. Picked up a wad of Oct 70 puts at 9 3/4.....If a previous post, suggesting that stock is breaking loose for shorts, is true, then the supply/demand equation is changing and a new animal may be in charge of this stock for a while.....
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