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


To: GST who wrote (121627)3/25/2001 4:42:45 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
>> The assumption by the buy-stocks-no-matter-what crowd is that savings will again be liquidated and put back into the stock market.
<<

I am afraid that is my assumption, also. I think most people are stupid. It cost me $300,000 of amzn shorting losses to learn that. The brokerage houses are at a loss of what to do at the moment. But they will regroup, and think of a way to lure people and their money into the shearing stalls.

I don't know if you pay attention to stock prices as the trading day progresses. If you do, you'll notice the mornings are strong. People really want to buy. But sellers come in the afternoon, and prices collapse. I think the retail wants to be long. And the professionals are hesitating. Maybe they want to get past the earnings season. I think this see-saw will continue through April, but then, with all the bad news temporarily behind. The prospect of another rate cut. Energy prices lower. Inventories will be better. Construction season in full swing. Tax cut closer on the horizon. Well, you get the picture. A huge rally. And I'm ready. Maybe a bit early.

Do you think the dis-enchantment with supply chain is justified ? A historic buying opp for ITWO ?