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

To: pater tenebrarum who wrote (123434)	4/10/2001 3:39:57 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Yeah it's i think move to 50 ma looks possible...Heinz better than them dividend stocks ;)

To: pater tenebrarum who wrote (123434)	4/10/2001 4:13:07 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

Wanna know the reason why this market is on the edge of re-inflating? I took a cab back from lunch today, and the cabbie was talking about how he and his wife decided now was the time to get back into stocks. I asked him why, and he said "because they are so cheap now" and then I asked him "Cheap as compared to what?" and he said, "What do you mean, they're just cheap, everyone knows it." "The market is down so much, it always goes back up." He then told me how his broker told him to buy Amazon yesterday, because now it was making a profit. I nearly busted a gut laughing, and told him Amazon has never made a dime of profit in its entire history. The cabbie said I was just being negative, and besides his broker wouldn't lie to him, "everyone knows" amazon is making a profit now. "It's the best net stock after Yahoo!" he said. As he dropped me off, I told him he was stark raving mad, but if he wanted to throw his money away I certainly wasn't going to stop him. In other words folks, this is how the american population thinks. Facts mean nothing to your average american, and since the national savings rate is below zero, the ONLY HOPE these clowns have for retirement is in the stock market. They certainly don't have savings accounts. So, I guess the few bears out there could fight against hundreds of millions of cretins willing to bid up any four letter stock in a desperate attempt to build a nest egg, or you can join the mania again. I drank the kool-aid last week with some MSFT calls, and they're up 400%. Best trade of the year. CNBC says the word "bottom" about once every 90 seconds, according to a news article I read this morning in the san jose mercury news website. With the entire media arm of this country telling the populace that the bottom is in, "definitely, definitely, we super-duper promise" this time, are you going to fight them? Stop thinking and buy calls hand over foot. The farther a particular tech stock has fallen, the faster it will go back up, due to panicked shorts covering and people afraid to miss the gravy train for one last ride. Go long, or be destroyed.