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


To: Glenn D. Rudolph who wrote (24941)11/7/1998 4:54:00 PM
From: waldo  Read Replies (1) | Respond to of 164684
 
Keep up the good work everyone. Try to picture an upside down pyramid...the top is all the over leveraged brokers/fund managers/individual investors. It smells of smart money methodically dumping last week. Do a 10 day chart on the NASDAQ 100...Yahoo....and Amazon...stare at them and tell me that AMZN will continue to move up...when someone put a bid up at 130.00 last week...it was like a gopher sticking his head out of a hole with 10 rednecks pointing shotguns at him.

BKS downside: 20.00/BKS upside: 100.00
AMZN downside: 100.00/AMZN upside: 20.00

There are so many interesting new companies that are doubling every week of late...why would anyone put themselves in the dreaded locked-in position, run by a man who is a market animal at best, who is selling??? Show me one time in 100 years when this has helped the share price of a company trading this high, this fast!

Comical NR from Amazon next week:(not a real release)

Amazon.com Issues Statement Regarding BarnesandNoble Strategy and it's effect on the Market

PR Newswire - November 09, 1998 7:00 AM PST

SEATTLE, Nov. 9 /PRNewswire/ -- "Oh Oh."

Waldo....this is an easy read.