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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST

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To: Canard who wrote (19184)9/30/1998 10:57:00 AM
From: OtherChap  Read Replies (2) of 164684
 
The height of insanity. Remember a week or so ago where I posted that even if you destroyed Amazon's headquarters with a meteor the stock would still go up? Sounded kinda silly, right?

Well a meteor would shut down their website, of course, and thus no business would be done.

Now that the website has shut down and no business is being done, the stock rallies while the rest of the market and the internet stocks in particular collapse today.

What is wrong with this picture?

Maybe in a year or so after Amazon declares bankruptcy people will keep trading this stock because it "keeps going up every day.. i don't know much about the internet but i want to get on the bandwagon and this stock is pretty good"
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