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 232.12+1.6%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dwight E. Karlsen who wrote (25991)11/14/1998 3:30:00 PM
From: OtherChap  Read Replies (2) of 164684
 
My take on AMZN/YHOO is that vinik knew there were tons of retail sucekrs out there, and he was acting as a herd leader, using carefully timed investments to lift or lower the stock price.

However, after theglobe.com and earthweb and ATCO, there are plenty of places left with lower share prices that retail suckers can throw their cash to. And I read today that brokerages are dredging up their cancelled internet IPOs like mad, with most of them aiming for THIS COMING WEEK! (doesn't take long when the greed is flowing, eh?)

So Amazon the stock (tm) is going to quickly deflate. Notice how yesterday's volume was the lowest since June? You know why? It's because all those same retail investors who normally churn away at Amazon trying to catch those 10 point swings have decided to move onto the next "hot" thing. The volume from ebay and theglobe and earthweb literally subtracted directly out of Amazon.

It seems there is a relatively large pool of "retail internut cash" that is flowing from stock to stock, like a swarm of locusts jumping from field to field, leaving nothing in their wake.

This is exactly the sort of problem international markets have- capital tends to flow from one region to the next, and recently it has been flowing a lot faster than normal- that's what destroys markets like indonesia, etc..

And now that same behavior is going to kill internet stocks.
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