Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.10

-1.4%

3:59 PM EST

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To: Peter Moyer who wrote (49885)	4/12/1999 1:40:00 PM
From: Rob S.	Read Replies (3) of 164684

Buy the rumor, sell the news. Amazon will have a difficult time breaking through to new highs, IMO. This is the Spring rally - this is very typical of how high tech stocks do in a receptive market. The rally will last another 2-5 weeks and then watch out. In fact, many stock, including many net stocks, have already broken down. What is happening in the net sector, admittedly to a lesser degree with the darlings, is a rotation from yesterdays hot players to new ones such as IPOs. The divergence in the market has been something that has gone on for quite a while. That is substituted for reasoning why they should continue to go up adfinitum. But now the divergence between the high flying stocks and the rest of the market has widened to such an extent - it's now GREATER than it was before the famous crash of '29 - that "sooner or latter, something's gotta give". Enjoy the feeding frenzy while it lasts. But it's now starting to be the time to sell the darlings into rallies. If you are not positioned within a few weeks with at least 50% of current net and tech stocks rotated out into other sectors or foreign investments much of the profits made today will be gone by August, IMO.

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