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


To: Mike M who wrote (27807)11/23/1998 12:31:00 PM
From: OtherChap  Read Replies (5) | Respond to of 164684
 
This market is heading for a train wreck, probably the biggest in market history. This is worse than Japan's real estate market at the height of its insanity.

I'm 100% cash, and I don't plan on making any trades for the rest of the year. I'm in the black after recovering from my previous short on AMZN and it's time to take my chips and hit the beach for a while.

BTW- for anyone who cares, todays trading in Amazon is not small investors. Every other trade is between 1000 and 5000 shares. That's pushing 1 million bucks per trade. I think today is the day the big funds are getting out for the end of the year.. I'll bet Vinik is leaving the building too.

But I have no intention of shorting this thing. I've made my profit, and I'm not touching this ponzi scheme anymore.