Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Bill Harmond who wrote (35701)	1/21/1999 1:43:00 AM
From: Philip Logos	Read Replies (1) \| Respond to of 164684

Funny comment, William. I'm not sure if you're jesting or if you actually believe what you just said: I think this correction will take months. Later I think we will look back at these these prices and realize they were like buying Dell at thirty-five cents. Dell was earning 75 cents per share per quarter at this market capitalization. Amazon is losing 90 cents per quarter (30 cents now thanks to the split scheme). How do you figure?

To: Bill Harmond who wrote (35701)	1/21/1999 2:13:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

William -- <<I think this correction will take months.>> The stock may bounce once or even twice along the way but how can this take months instead of days? There is no basis for identifying 'support'. Wasn't it you who said support was at 160 and I asked 'why, cause it has been there one whole day?' and you said 'yes'? As for the 35 cents, I don't think it will go that low (just kidding). But based on the facts it seems the trend is down. As far as I can see, any thought of this thing going into a meaningful counter-trend rally are just wishful thinking.