2) Is there ANY fundamental problem showing up on AMZN's biz in the last couple hours of today's session that caused $30 pts drop?
I have my own list of questions for you, MoonBrother. First, congrats on your paper gains. I mean that sincerely.
Now my questions:
1) Why do you mention fundamentals? Are you really believing that this stock is trading on fundamentals?
2) Why do you ask any questions whatsoever, since "inuts only go up, profits dont matter, etc".
3) Do you deny the existence of manic momentum buying in this sector, among virtually any stocks that have their PR dept whisper the word "internet"?
4) Do you know WHY Amazon went up even after announcing somewhat disappointing sales of $250M, when the "whisper numbers" were closer to $300 and up, to even $400M?
5) Do you really think that the momentum can carry on after Yahoo reports?
6) Do you regret not bailing at ~$195 today? Since "only" $35,000 appeared in your portfolio, only to disappear by the end of the day, maybe that doesn't matter very much to a wealthy individual such as yourself, so scratch this q #6.
The conclusion, AMZN will come back early next week. In fact, AMZN will eclipse $200 in no time, and further marching toward $300 before the end of this month.
I will post several analysts' latest comments about AMZN this weekend. Stay tuned...
Very good. Repeat those sentences several times this weekend until your are thoroughly convinced. Right now the words sound lacking in conviction.
You wouldn't be thinking of taking some money off the table yourself in the next 1-2 days while Yahoo reports, would you? Come on, you want to stick around while these stocks rack up record sales in the 1st Qtr of 1999, right? It'll be bigger than Christmas, right? Tell me I'm right. |
