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


To: Jan Crawley who wrote (18302)9/24/1998 8:07:00 PM
From: SouthFloridaGuy  Read Replies (2) | Respond to of 164684
 
Well, I'm a little confused on your guy's time frame. If you're thinking that AMZN is going to give up all its recent gains and plummet to $50 anytime soon, I just can't see that...YET.

If you were simply day trading, then yeah sure, great call -- market plummeting was helpful.

Third quarter is coming to a close, however...and money managers are going to "cook the books" by buying beaten down stocks to make their performance look better. While never a reason to buy/sell stocks, it certainly is one more reason to think that the Dow will rally to 8400 before it makes a subsequent downturn in October. Net stocks will be a part of it.

Anyway, I'm just in Lycos so as long as it goes up, I'll be happy. :-)

IMHO, of course.