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

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: Bill Harmond who wrote (52037)	4/21/1999 1:17:00 PM
From: KeepItSimple	Read Replies (3) of 164684

> Do you? Yes, I do. I also know their prices are almost entirely controlled by day-trading hordes who can turn on a dime. Or are you forgetting a few days ago when they dropped around 20% in 8 hours? At that rate the companies would be at 0 in one business week. And you kid yourself into thinking these prices are guaranteed? Glenn was quoted in the WSJ as saying he got a margin call, due to ONE DOWN DAY. Apparently a ton of other 'investors' did too. What would happen if there were two down days like that? How long before personal finances were ruined and the game finally ended?

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