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


To: Lizzie Tudor who wrote (70174)7/27/1999 11:35:00 PM
From: H James Morris  Respond to of 164684
 
>>I'm just contesting the "amzn in a down trend" position. <<
Michelle, your kidding? Amzn is just in a down trend? Do you know what scares me to death? You and the rest of the bulls think Amzn will come back to it's former glory days, while the institutions (elephants) know otherwise.
Ps
If you want the symbol to the 7/11 ADR, please let me know.



To: Lizzie Tudor who wrote (70174)7/28/1999 12:03:00 AM
From: Tradegod  Read Replies (1) | Respond to of 164684
 
>Amazon was in the 90s during the last correction and popped (I think) because of the new electronics and toy stores.

Michelle, the "pop" was clearly related to the inet sector in general making a very short term rally. I think it was twofold: 1) the run to E as so commonly expected, and 2) the unexpected return to neutral bias from the Fed. YHOO has made over a 100 point round trip in a month or so, from 120 to 189, back to 130 during this period.

The scary thing is that toys and electronics are now news, not rumor and so is a two for one split and we're dropping. Now the hopefuls are banking on some value from DSCM to pop it. If I were a betting man, I would load up the puts after tomorrow's rally (if it occurs) peters out.