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


To: LATreporter who wrote (35962)1/21/1999 10:36:00 PM
From: tonyt  Read Replies (2) | Respond to of 164684
 
It appears that there are a hell of a lot of reporters 'slumming' on SI lately ;o)



To: LATreporter who wrote (35962)1/21/1999 11:14:00 PM
From: dennis michael patterson  Respond to of 164684
 
Is this the sign of a bottom or what?



To: LATreporter who wrote (35962)1/21/1999 11:47:00 PM
From: Dwight E. Karlsen  Respond to of 164684
 
Don't look at me, LATreporter. A few of us sensible types have been telling these newbies here that they are going to be left holding the bag, but you know how these things usually go..they think they are born genius "investors", and wouldn't listen to any of it. I wouldn't waste any ink in telling their tale of woe, since they obviously willfully took the risk, in spite of repeated warnings from quite a variety of people here.



To: LATreporter who wrote (35962)1/22/1999 1:05:00 AM
From: SkyDart  Read Replies (4) | Respond to of 164684
 
BUY SIGNAL: AMZN

When the media begins to headline stock doom, then a reversal is at hand. See the research of Dr. Martin Zweig, a renowned Wall Street analyst and author of "Winning on Wall Street".

Zweig went back for 70 years and analyzed the ratio of bullish advertisements in Barron's Stock Journal to the # of pages.

The surprising finding was that at market tops, the # of bullish ads was overwhelming and at a peak high. At market bottoms, there was a dearth low of such ads.

Zwieg also found that in more modern-day periodicals such as Time and Newsweek, whenever optimism about the market reached a peak in the media, the market tended to go down from a peak or a
marked a market top. Conversly, when a front page story heralded the Impending Market Crash, as in October of 1998, when Forbes was calling for a possible repeat of 1929, this reliably marked the bottom.

Today, CNBC was abuzz with the Impending Net Stock Crash with YHOO and AMZN leading the charge into the depths of the market abyss.

My take on this ala Zweig, is that this media coverage marks an excellent buying opportunity.

SkyDart