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: Dell-icious who wrote (16378)	9/7/1998 10:15:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

From Sept 7 Barrons ,Fleckenstein: Another phenomenon at work here: Those same few names "act well" so they attract the scores of day traders. What you saw in the last couple of days was the first taste of a little forced margin liquidation -- and how fast these things can get slaughtered. Amazon.com, just to pick a name, after having been so bulletproof, was cut in half in four days. Traded down from around 120 to the 60s or so. That is something, I think, that the public doesn't appreciate about the way the market really works -- fast -- and how violently things can go down. There's an illusion of strength and stability as all the funds and day traders pile into the same narrow list of names. The fact is the opposite. When they go, they just go.>