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

To: Money Maker (MM) who wrote (18405)	9/25/1998 11:04:00 AM
From: Jay8088	Respond to of 164684

I agree. I think one should trade these internet stocks purely on price/momentum-- i.e. investor psychology. However eventually these stocks would collapse and when they do I doubt most people would have chance to get decent price on their holding. So given my overall bearishness for the market, I prefer to be a permabear on AMZN at this moment. I wouldn't do this early this year when nifty fifty were still rising and internet bubble was still growing. But now, I believe we have seen the top for the market back in July 20th and we have seen how these stocks could crater on panic. I feel better taking an outright bearish speculative position now. A bear in trauma ICU.