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


To: jach who wrote (31053)12/24/1998 10:00:00 AM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
Panic Selling will hit one day, likely after x'mas and when that happens the
next morning AMZN will be down like 100$ or more to 220$. <<

Took Profits on ebay this morning i like the company, but Amzn is my favorite so i'll hold it long term. If Amzn goes to 226 so what, i'll buy more, formidable support there.



To: jach who wrote (31053)12/24/1998 5:26:00 PM
From: Jack T. Pearson  Read Replies (2) | Respond to of 164684
 
jach,
Panic Selling will hit one day, likely after x'mas and when that happens the next morning AMZN will be down like 100$ or more to 220$. The time is getting near as x'mas hype will be gone after today. all imo. Who will be the greatest fools holding the stock overnight when that happens. Your 25 shares will still lose $2500.

OR

Panic Buying will hit one day, likely after x'mas [with the split and after Amazon reveals how much money it made] and when that happens the next morning AMZN will be up like $100 or more to $420. The time is getting near as earnings hype will start after today. all imo. Who will be the greatest fools selling the stock short overnight when that happens. Your 25 shares will gain $2500.

The pros disagree by a factor of 8 and we only disagree by a factor of two! Do you realize that 220 is only a two-week setback! Seriously, this is a volatile stock. If you can't afford setbacks, don't buy. NOBODY knows what will happen to the Internet stocks over the next year. I don't know, and you don't know.

PS: jach, Am I correct in assuming you have bought puts or sold short? I'm long on the stock.