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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%Nov 28 12:59 PM EST

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To: KeepItSimple who wrote (30979)12/23/1998 11:01:00 AM
From: James Thai  Read Replies (1) of 164684
 
Why oh why do people keep saying these things are going to drop in the new year?

No way says I. Retail investors (ie the people propping these things up) are going to come out of the holidays rich and happy and wanting to drop more money into the stock market. Not to mention a YHOO split, perhaps an INKT split, AMZN split occurring. Lots of juicy news for retail guys (yes, I am one of them too) to sink their teeth into.

Maybe I would buy some DEEP out of the money puts to hedge, but no way would I go short. If everyone is expecting this drop, shouldn't it be occurring NOW as people anticipate it? Remember, the market makes a fool out of the greatest number of people..

I'm long currently, but it's a trading long.. in and out every couple of days. I'm ready to go short at any time, but I doubt it'll happen soon.

James.
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