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

To: Derrick P. who wrote (16091)	9/4/1998 1:04:00 PM
From: Rob S.	Respond to of 164684

In the long run the inets will get valued on their fundamentals. In the short run they are valued on their dreams. Arguing the fundamentals makes good sense from the long-term perspective but it is not the primary factor driving these stocks. If you plan short-term based on long-term you may get burned and vise versa. What's holding the stock price up? Buyers and short covering - basic greed and fear. The fear factor is muted because speculators AREN'T focusing on the fundamentals. This is a trading stock, not a short-term short. If the stock moves up on further speculation to where the TA shouts SELL, or the pattern deteriorates, then it will become a short-term short again. Until then about the only thing you can count on is regular periods of volatility. I expect some nervousness to come into the market towards the close today - we have probably seen the high and will see NZMA close down in anticipation of the long holiday weekend, IMO.