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


To: GST who wrote (104883)6/12/2000 10:11:00 PM
From: re3  Respond to of 164684
 
gst i'm wary of dealing with the mkt much on either side for now. i subscribe to a ta letter, and the fellow says we will have a (dangerous) rally, perhaps to labour day, but that might be it. i think he was hint hinting that subscribers could go long for awhile but to be extra extra careful. he suggested the big tech hitters like csco may hit their old highs but stuff like rimm, corl, etc would never hit the old highs.

you have amzn figured out ? <g> sheesh after over a hundred thousand posts SOMEONE should have !!!



To: GST who wrote (104883)6/12/2000 11:46:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
>> but overall you gotta wonder if the outcome will be more downside and a grinding, boring summer for the market as a whole.
<<

A look at the NASDAQ chart shows lower highs and lower lows since the top in early March. Rallies are ending successively sooner (both in number of days and numeric rise). Drops last longer on both measures.

I am becoming more convinced by the idea that the rallies are occurring at bottom points where funds buy but they cannot sucker enough individuals into the NASDAQ pyramid. Oh, I know the geniuses of the new economy are touting their new discoveries, but apparently they cannot find enough converts to unload to. Maybe the speculators finally got smarter. Though more likely, they just ran out of money.

If what I'm saying is actually occurring, then AMZN should drop to 40 or less this time. And hopefully so will the other new economy losers. I hope you can get out of your money losing isld on time. It seems the tide turned already.



To: GST who wrote (104883)6/16/2000 8:22:00 AM
From: fut_trade  Read Replies (1) | Respond to of 164684
 
...maybe a little more rally left in the old dog

GST, regarding our discussion a few weeks ago, M3 has recently made new highs. Some of us had speculated late last year that Greenspan would try to find a balance between inflation and avoiding a stock market crash by hiking interest rates while at the same time increasing the money supply (liquidity). That's seems to have been his plan. He likes to tinker with the market. I guess he has done an interesting bit of engineering.