Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: GST who wrote (37833)	2/2/1999 2:40:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 164684

I wonder why bother with this stock at this point, other than to watch it self-destruct as better opportunities come along daily? Every stock that I've closely followed on an intermediate-term basis (6 months to a year) has made its move that I was waiting for after I gave up and stopped following it. I'm talking about completely forgetting about it-not knowing within $30/shr where it is, and not caring to check and find out. I've long suspected that's what will happen with the i-nuts, incredible as it seems. They'll slowly stair-step down, with the most extreme moves happening after the masses have moved their attentions elsewhere. This could suggest that bears are in for a long wait. PRST levitated for ages on hopes, albeit a ways off its highs. Then a gradual but brutal decline, then amazingly, it got a "second life", and surged back, though not of course to its old highs. Where is PRST now? Who knows. Who is even following it anymore.

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