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

To: Bill Harmond who wrote (110008)	10/9/2000 5:03:33 PM
From: GST	Respond to of 164684

William: I never aspired to be a good bottom man.... its just not my cup of tea... But seriously, I know that it is dicey to call bottoms. If you recall, my first foray on this thread was to call the top on AMZN at 199 and then I rode it all the way down to 84 and sold my puts at 86 on the day it bottomed -- I don't claim to be perfect, I sometimes miss the bottom, but not always Bill -- and I don't see one taking shape yet. Maybe a test of 2800 would convince me -- another week or two or three to get there I think.

To: Bill Harmond who wrote (110008)	10/9/2000 6:17:57 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

william, look at this amzn chart... finance.yahoo.com a brief glance shows that bewteen ipo and late 1998 that approximately 3 mil shares traded / day at an avg price around $18. another brief glance show that since that time through the present, the avg daily volume is about 9 million and the avg buy price is over $60 (my guesstimate is $65). the stock is 30. many more shares were bought at an avg $60+ and are down $30 a share than were bought at $18 and are up $12. more shares. bigger loss. more time. now what don't you understand? as i said, the avg amzn investor has lost their butt. you say impossible, amzn has created wrealth. i say, expand your horizon beyon bezos and amzn insiders. the avg retail investor has their butt on a platter and it ain't pretty.