SI
SI
discoversearch

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: Carmine Cammarosano who wrote (33667)1/8/1999 5:15:00 PM
From: Rob S.  Respond to of 164684
 
It was a reversal or "shooting star" and it "finished in the gap". This would have been a stronger indicator if it had closed bellow yesterday's close. We have Yahoo's earnings out next Tuesday and there may be some continued short covering to bolster the stock from falling, but I think a reversal has occurred and the stock will trend down. Short it north of 170 until Wednesday and anywhere from then on the way down.

All my humble opinions of course.



To: Carmine Cammarosano who wrote (33667)1/8/1999 5:15:00 PM
From: GST  Respond to of 164684
 
Next week the longs will have their turn to watch their money disappear as their margined positions eat them alive. We all watch in awe as people make money from this game. Next week much of this 'wealth' will evaporate. Anybody buying the dips and using margin -- beware, there is no underlying value here and no solid bottom. This is not a stock that can just correct and go down 20 or 30 percent. It is a stock that can crash 70-90 percent. Margin calls are no less painful that short covering, and both amplify the move in stock price.



To: Carmine Cammarosano who wrote (33667)1/8/1999 5:19:00 PM
From: Circle  Read Replies (2) | Respond to of 164684
 
I am with you. Take your pick of the relevant terms: "key reversal" or "price rejection." Another failure at or below 200 and it is all over.



To: Carmine Cammarosano who wrote (33667)1/8/1999 9:53:00 PM
From: H James Morris  Respond to of 164684
 
Carmine>>Does anyone see today's action as a reversal of the up-tread..<<
I think your also new here. Please don't mess with this stock. There have been a few millionaires made here. There will also be some 401K destroyed here. If your not careful.



To: Carmine Cammarosano who wrote (33667)1/8/1999 11:22:00 PM
From: ChinuSFO  Read Replies (1) | Respond to of 164684
 
<< Does anyone see today's action as a reversal of the up-tread...up strong in the beginning of the day and by the end of the day it was almost down...on very heavy volume...anyone? >>

Day Traders kicking in early in the day and bailing out towards the end with a quick profit

Chinmoy