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


To: Bill Harmond who wrote (18129)9/23/1998 11:46:00 PM
From: Jan Crawley  Respond to of 164684
 
It's very difficult for me to buy momentum stocks as it goes higher and higher, unless, I am boxed, then I can "see" my risk.

I had no problem buying WFC for $291 three weeks ago, sold today at $355. Just 150 shares.

I had no problem buying/trading Yhoo today after the $112 short was established...



To: Bill Harmond who wrote (18129)9/23/1998 11:47:00 PM
From: OtherChap  Read Replies (3) | Respond to of 164684
 
> We just came through the worst correction in eight years. Many of >these stocks are moving up into a selling vacuum.

Who says the correction is over? All I see is a lot of 200 point swinging days as the market desperatly latches onto any possible "good news" story they can- even if it "Our president didnt look too bad when he confessed to sticking a cigar into the vagina of a 21 year old intern"

If amazon can go up 30 points in 3 days, it can go down 30 points in 3 days.

Amazon may very well correct this week, but it will CERTAINLY correct after it releases quarterly numbers.