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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.56-1.9%12:42 PM EST

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To: Glenn D. Rudolph who wrote (34978)1/14/1999 6:58:00 PM
From: GST  Read Replies (1) of 164684
 
Glenn -- <<My plan was playing a short term pop on hype then to exit. I am saddened too.>>

You are remembering the days when it would dip and then pop. Those days are over now. Now it merely hesitates for a moment and then drops again. It will hesitate next around 100 -- but maybe not for more than a few hours. Last Saturday I said 'down to 100 this week and then maybe a brief rally to 150 next week before the final plunge'.
The rally for next week is not going to come. You stood in front of the train before. Why do it again now? The worst could be over by Monday night -- with AMZN settling in around 50, but with some downside risk left in the stock. The trend is down.
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