Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

3:59 PM EST

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To: tonyt who wrote (34039)	1/10/1999 1:55:00 PM
From: GST	Read Replies (1) of 164684

tonyt -- Right almost everybody knows, and probably Jenne does too. Good point on time to fill. With AMZN it is well to remember that there are people now putting money into the game who have never bought a stock before in their life. They open an account and ask somebody to show them how to place an order, maybe a friend who has been trading for a whole month. The gap up on Friday could be an indication of this. How do you think they will behave on the way down? Buy at tops and sell into the decline once it starts to accelerate -- the exact opposite of the move up in direction, but the same kind of behavior. Whatever you believe about the underlying fundamentals of this business is not the point, as so many repeat. But this stock is now in the dumb and dumber stage -- the most risky.

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