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


To: fedhead who wrote (15403)8/31/1998 3:32:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
Rebounds from a "selling climax" are short lived in bear markets. What is Yhoo! or NZMA worth except what someone is willing to pay for them? There is little to NO sign of support on the stock yet. This could well be the "opportunity of a lifetime" to sell AMZN and YHOO short.

Every of the decline so far has seen an acceleration to the downside. Today's loss will be more than previous ones in dollars and more so as a percentage of the dwindling price. This trend could well continue until the stock truly does look cheap - at $12 it may be a reasonable buy based on fundamental performance and future outlook.



To: fedhead who wrote (15403)8/31/1998 3:32:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 164684
 
Large funds are unloading winners to raise cash! Including MSDW.

Just heard from CNBC.

Amino, it is not an opportunity of the life time. just close your eyes and let it pass you!



To: fedhead who wrote (15403)8/31/1998 4:09:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 

Was today the selling climax the market was looking for or do we
have ways to go on the downside. Is this the oppurtunity of a
lifetime to load up on YHOO, AMZN while everyone is dumping them.


I believe it is an opportunity but I would not go long those stocks.

Glenn



To: fedhead who wrote (15403)8/31/1998 4:38:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
For intermediate-term buying, I'd like to hear more pontificating on CNBC about downside targets instead of support levels.

At this point nobody really has a clue. We could bottom with a huge V-shaped capitulation, or have a drawn-out bear market on low volume.

I'd stay clear. During the last three years there were plenty of opportunities to make alot of money buying stocks far above their bottoms.