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

To: jason D. who wrote (7843)	6/27/1998 4:41:00 PM
From: jawd	Read Replies (3) \| Respond to of 164687

You are "hoping". This eventually leads to "wishing" . . you had sold earlier. I entirely agree - hoping and wishing is futile in trading. I was expressing my view as an observer. IMHO Going long or short in AMZN right now is dangerous, it could go anywhere. I just don't think one down days spells the end for AMZN. Comparisons with IOM (which I never followed) don't seem appropriate to me because its a hardware stock based on sales figures. I'm suggesting what we are seeing with AMZN is a concept stock based on potential for exponential growth of the internet. People rightly or wrongly are buying into what for some is a dream and for others a joke. Given the momentum of Amazons marketing campaign, I really don't see anything to stop a whole crop of new (stock) buyers (and shorters) entering the picture. Like I said, it may appear to tank for a couple of days, but I see a whole load of people taking this as a huge buying opportunity to get in on the next run up. AMZN has mass appeal. Plus, to be honest - the analysts are playing along with the hype. Even CNBC is mute. It seems taboo in professional circles to say anything negative about AMZN. I think its far from over.