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

To: Dwight E. Karlsen who wrote (34420)	1/12/1999 6:51:00 AM
From: KeepItSimple	Read Replies (3) \| Respond to of 164684

It will be ironic- the very medium that allowed all this mania to go on (on-line trading) is going to be the medium that helps accelerate the selloff into a massacre. Last week when there was huge volume in Amazon after its split, Schwab's website collapsed. I heard reports of Etrade doing the same. Now what do you think is going to happen when these stocks start to slide? Everyone is going to try to login and sell, and these websites will collapse. When Schwab went down last week, it took 25 minutes for me to get through on the telephone. (I just left it on the speakerphone, I didn't have any trades to make but just wanted to see how bad the wait was) Investors will panic, and I do not doubt one bit that these stocks will lose 80 percent in one day. Easily. None of these online services are prepared for the type of volume they'll see. None of them.