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

To: Dwight E. Karlsen who wrote (8674)	7/3/1998 1:56:00 PM
From: jawd	Respond to of 164684

"Fashions play their part in the stock market as in other affairs of life" Quote from "The Art of Speculation" by Philip L. Carret (a classic first published by Barrons in 1930). It seems that Amazon.com is a fashionable stock to own at the moment.

To: Dwight E. Karlsen who wrote (8674)	7/3/1998 3:39:00 PM
From: snoman	Read Replies (1) \| Respond to of 164684

<That's the joke. There is no magic in Amazon.com. There are only a group of momentum players who have taken control of the float.> I agree 100%. IMO the big boys realized all they had to do was limit supply of the stock and it would shoot for the moon, because on one side you've got the guys who think Berzos is the MJ of e-commerce who keep buying, and the other side the value players who know the stock will dive and short everything they've got on it. The Mother of all Squeezes is what we have here. But we all know that. The question is when and how will it end? The value guys still try to apply their valuation techniques. Wrong! This never has been a value stock, and probably never will be. The chartists try to find support and resistance levels. Wrong again! This stock has never heard of stochastics or MACD. This stock is a FAD, kinda like pet rocks were back in the seventies. Right now its in. As Cramer says the sellers haven't arrived yet. But FADS always come and go. When the shorts stop shorting, and Berzos has surpassed even MJ to where nothing but kryptonite can stop him, and there's plenty of longs to suck up what the big boys can dump. Thats when the sellers will arrive. sm