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: Glenn D. Rudolph who wrote (22092)	10/17/1998 8:37:00 PM
From: Verkaylac	Respond to of 164684

notice that the internet game seems to be drawing to a close now. XCIT, LCOS well off their highs and all fell sharply toward the end of the week. Shares of DoubleClick and Cybercash have crashed off their highs. Smaller plays like Banyon have collapsed. SpyGlass apears ready to break support. CyberShop (with 40,000 items for sale over the internet, including refrigerators...(the real first attempt at "Wal-mart on the web") has also long since collapsed. Note in Barrons today, about how Zapata has given up on its internet designs. Co won't pay for grossly over-valued web sites. YHOO and AOL are still way up off 6 -12 month levels, but have also broken down sharply off highs. YHOO certainly looks to be heading lower imho. Scamazon.con seems to be holding in there because of its rally off 65, but fact is, it was 147 in July. Down-channel forming still intact. Triangular pattern might suggest 40 quickly if it breaks the low 80s. Above 112 implies run to the highs, but in this environment and with all the problems would seem unlikely. Then again, Greenspan may just fan the fires of irrational exuberance some more.