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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST

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To: Jan Crawley who wrote (12017)7/29/1998 4:08:00 PM
From: Rob S.  Read Replies (2) of 164684
 
The bottom dropped out just when I decide to start covering - that figures! Amazon failed to attract the usual "bargain" hunting. My realtime quote shows it down 11 1/8 at the close! Might still be some delayed reports yet to come in. I did sell back part of my cover - saw a loss on the cover trade but up nicely overall for the day.

We already hit my target for the week; the downward trend for the inet stocks remains in tact. Now we may start to see some selling panic set in. Should be interesting to see what happens in the AM - if there are still speculators dreaming about a wild future or they are hiding under the beach blankets. If the "bargain hunters" are gone, then these stocks may get dumped.
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