Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: put2rich who wrote (10789)	7/18/1998 3:38:00 PM
From: Tenpole	Respond to of 164684

I think it needs a much more momentum and strength to go past 130 Yes it does but the period that we are going through, even though it involves 5% movements daily, is one of consolidation. The market is taking a rest after the recent gains and is not over-bought. A re-test of the high seems possible and if the markets like the news next week (no matter what the fundamental picture says), that could be enough to pull the trigger. Another bull run? There was no logic to the previous one so there needn't be one now either... All in all, it is impossible to call this one until either the bears or the bulls commit themselves to the market. In the fullness of time, the market will adjust to more reasoned valuations but as long as the future is discounted to the extent that it is at present, that time seems a long way away. I'm just going to trade the volatility. T