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


To: Rob S. who wrote (33694)1/9/1999 12:22:00 AM
From: MoonBrother  Read Replies (5) | Respond to of 164684
 
> Good luck MoonBeam!!!

Thanks, Rob. But I think you guys need luck much more than I do. In fact I guess it shouldn't take you too much to do the math that I've been doing extremely well with AMZN. With my 800 ~ 1000 shares of AMZN you could easily figure out that my portfolio has been getting richer EVERDAY for quite a while now because of AMZN's contribution alone! If you read all my posts dated back to 3 months ago, you would find that AMZN is just one of more than half dozen stocks that have contributed more than a qtr of million into my portfolio in just three months. No, I'm not just trying to show you my money. What All I want to tell you, and all other shorts on this board is that, if you want to make money, you got to follow the tape. Don't try to think that you are the only smart people that can beat the tape. Don't try to throw yourself in front of a running train and try to stop it. To be honest with you, you can't stop it. In fact, you are gonna be crushed along its way. Is this investment theory easy to understand? I think so. I hope all you shorts understand it too.

Now Glenn has finally waken up. Sure it's painful to finally throw in the towel. But at least he has no more new pain to suffer. But you guys will still have his pain day in and day out, as long as you still try to short AMZN.

For all you shorts out there, can any of you answer my following questions?

1) Why you think AMZN has blown the top off today? What's the fact that caused this turning point to occur specifically today?
2) Is there ANY fundamental problem showing up on AMZN's biz in the last couple hours of today's session that caused $30 pts drop?
3) E-commerce and Internet booming has stopped as of this afternoon?
4) AMZN's biz growth has stopped as of this afternoon?
5) Wall Street and people have all of a sudden lost interests of AMZN as of this afternoon?
6) Any one out of 30 analysts who cover AMZN has given some bad comments as of this afternoon?

Obviously none of the above has happened. The only reason AMZN dropped in the last couple hours is pure and simple, profit taking after AMZN has enjoyed substantial gains in the past couple weeks.

The conclusion, AMZN will come back early next week. In fact, AMZN will eclipse $200 in no time, and further marching toward $300 before the end of this month.

I will post several analysts' latest comments about AMZN this weekend. Stay tuned...

Good luck!

MB