SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.530.0%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Glenn D. Rudolph who wrote (15192)8/30/1998 12:47:00 AM
From: Rob S.  Read Replies (3) of 164684
 
The internet sector will likely pull out of the downspin and some of the ones that have come down the most may eventually move up the most. For the short-term, I think the darlings will continue to do better than the secondary inet stocks. AMZN, AOL, MSPG, Yahoo and others will probably, IMO pull up at least a bit by the end of the week. Monday and Tuesday may create more bloodshed before that pull-up occurs. Many of the stockholders who don't watch these stocks during the day should have been pretty surprised to see their darlings were clobbered so much in just one week - many inet stocks were down 30%-40%. That may cause a stampede on Monday morning.

The first net withdrawals from mutuals in 8 years is an indication that individual investors are turning more cautious and funds many managers hands will be tied into selling or at least not buying. I think there is a threat of a true bear market correction but that is not likely. I would like to see a continued bull market correction but not a typical nine month, 30%+ bear market. I had thought that the market would remain crazy and see new highs by the end of the year. That's mostly out of the question now but still very possible by the middle or end of next year, IMO.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News