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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 3:59 PM EST

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To: GST who wrote (40722)2/17/1999 9:05:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
G, I hope you are not getting too over-confidant. You know, this morning it did not look good at all for your puts. What is amazing is the day trading pattern in amzn. Everyone who bought amzn had negative results today, and yesterday, and the day before and we can repeat that 30 times. But they keep doing it. Don't they run out of money ?

I know you like to analyze the market in terms of money flows, bond rates, etc.... I prefer to gauge the psychology. But I can't understand the psychology of people who run into a house on fire.

There must be a lot of money sloshing around. But that takes us back to your liquidity harangues.

Regads,
-Sarmad
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