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


To: put2rich who wrote (9511)7/8/1998 3:29:00 PM
From: Barry Scabar  Respond to of 164684
 
This post may explain most of the amazon insanity.

msnbc.com

Barry



To: put2rich who wrote (9511)7/8/1998 3:30:00 PM
From: Greg M.  Read Replies (2) | Respond to of 164684
 
Thanh, I suppose you're feeling better now. <g>
FWIW, I am not covering now. This whip-saw action shows me that the small investor can't support this stock, and likewise, that the funds/institutions will only sell this stock the next month or so--NO buying. They will continue to squash all the little rallies AMZN makes.

Good luck, Monty

P.S. This latest action also gives me the confidence not to even bother hedging anymore (by options or by longing internet stocks).
(I still keep a balanced portfolio, though!)