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


To: Don Westermeyer who wrote (2039)3/9/1998 11:52:00 AM
From: doug doan  Read Replies (1) | Respond to of 164684
 
Getting a Haircut Today Boys..

Sorry to hear that you had to depart. Obviously, you are reluctantly contributing to the squeeze. I will sit this one out for as long as it takes...



To: Don Westermeyer who wrote (2039)3/9/1998 11:57:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
or the realization (after several quarters of missed earnings) that earnings growth is declining

Or the realization that earnings themselves are declining, not just growth. Trailing 12 mos earnings on the S&P 500 is actually lower now than it was a week ago and that was lower than three weeks ago. This week, Barron's reports it at $39.89, down from $40.25 reported last week and $41.56 reported two weeks earlier.

Must be nice to be insane and making money rather than sane, cautious and confused.

Bob



To: Don Westermeyer who wrote (2039)3/9/1998 2:11:00 PM
From: Bald Man from Mars  Read Replies (2) | Respond to of 164684
 
<<Often a market peaks when speculative stock rise 500%-700%. AMZN
has now risen over 500%. I'm not sure what will kill it this time. It will
either be rising interest rates, or the realization (after several quarters of
missed earnings) that earnings growth is declining. Big runs always
end in big blowouts, but few remember the lessons from even 12 months
ago.>>

This is the Bald Man, and I am waiting patiently for it to go
up 700%, then I will short the hell out of this dude ...