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: Steve Lachance who wrote (11484)	7/23/1998 10:28:00 AM
From: Rob S.	Respond to of 164684

Its not dropping from the get go but with this consumer driven stock the broad attention the earnings release has created has probably brought in a few new speculators. I think it will start to move down today. Here is one prediction: Covey said that Amazon.com expects sales to increase sequentionally by only 5% to 10% this quarter. The speculators can reason that somehow their grand speculation for the company - one that goes well beyound what the company envisions - is right on tract. Their bubble will be bust by the time the company reports this quarter's sales and earnings. The stock should fall well before the end of the quarter, but I think that will be the final straw that will bring down the price if for any reason it doesn't.