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 233.22+1.8%Nov 28 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Donahoe who wrote (33776)1/9/1999 1:30:00 PM
From: Rob S.  Read Replies (1) of 164684
 
I think the overall market will remain strong but that "leadership" will shift away from the Internut sector. There may be some "backfilling" in the general market because it has moved up so much but it will likely move higher from here for a while and be up by 10%-20% by the end of the year, IMO. I don't think that it will be a trend reversal year for small caps but they will likely do as well or somewhat better than the large cap indexes simply because of the great divergence in valuations and a lessening of market worries - not so much a great euphoria for small caps.

The reason I think that the top is here for Amazon and many other Internet stocks is because they have just come through the best season of the year and wild increases in their stock prices and now must face the comparatively lackluster quarters. Another reason is that the level of anticipation that these stocks will move up by huge amounts just because they have done so in the past is pervasive. I do not think that there is now a huge amount of money drooling over the opportunity to jump into the high-flyers. I think there is a HUGE amount of money getting more and more nervous that the huge paper gains could quickly vanish in a day or week. Anything that injects a minor amount of fear that prices might head down or simply that the good news is all known can trigger a rush for the exits.

Combine these sentiment factors with the signals of the TA, and there is a high probability, IMO, that the top is now reached.
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