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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (62055)	6/11/1999 10:10:00 PM
From: Tradegod	Respond to of 164685

James, everyone noticed. That's why they're buying. I would venture to say that noone on this thread still owns this stock from the 20's. I know William doesn't. Many sold too early. (William sold at 41 back in October). Many have bought back in too early. When a high growth stock corrects over 50% and there's been no fundamental change to their growth, then it's worth a nibble. No one knows where the exact bottom is, but point and figure charting indicated a bullish reversal in the internet sector at the beginning of this week. As of yesterday afternoon/this morning it looked like it was happening and Amazon was leading again. Now we'll have to let the market sort itself out. Today's selloff was confusing. Could understand CMGI and EBAY, but AMZN had no bad news, mediocre volume and could be a beneficiary of EBAY's troubles. We'll see. I'm just kicking myself because I sold at 117 yesterday and swore to myself I wouldn't get back in until a close above 120. Then when it had a polite selloff this morning and started to rally, I couldn't resist! Now I'm sluttin' for this pig to oink a little more. >Let me tell you what I know. This over-fed pig has gone from 221 to 106, and the bulls here don't seem to notice. Do you know why they haven't noticed?? When you buy a momo stock that goes from 20 to 2000, your playing with the house's $money.