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

To: Rob S. who wrote (19482)10/1/1998 3:58:00 PM
From: Jay8088  Read Replies (1) | Respond to of 164684
 
Notice that the AMZN volume is much lighter than YHOO and AOL on today's decline? It is because AMZN shareholders are in it for the long term - just like Warren Buffett! They don't get shaken out by day-to-day gyrations. In fact I bet a lot of them are buying heavily now that AMZN has corrected to low 100's. They also know that AMZN is not some hot shot high tech stocks like YHOO or CSCO. This is in effect a retail giant, a category killer on the e-commerce, Walmart on the net!! This is a business that you can understand unlike some search engines or portal mania.

If you feel worried about this gyration, just ask yourself. Are people going to stop buying books and CD's tomorrow??? Not a chance!! There, you have the answer. :)



To: Rob S. who wrote (19482)10/1/1998 3:59:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Rob, I start to understand what do you mean by "short cover" at closing. Cuz if the day-traders "shorted" at higher level earlier in the day, they will cover towards closing.

Anyways, I feel better with Yhoo now. Thanks. All systems are very slow in the past hour.

:))


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