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

To: SkyDart who wrote (35990)	1/22/1999 1:15:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 164684

The problem with "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." is...."This time it's different". There are too many people who don't buy for rational reasons, and conversely, I'm not expecting them to stop selling just because of some theory that goes back 70 years. When you throw out the book, you throw out the book. It's ironic that bulls are now trying to drag theories out of the dustbin to restart the greater fool engine. I'm not saying the theory has no relevance. I am saying that in this current case of the inuts, one should expect to have to wait a whole lot longer than one week from top to bottom. Lots of people are only now becoming aware that inuts are selling off. Expect the fear to spread, not contract. If all else fails the bulls can point to "the next split" or a "blowout quarter" in 1st Qtr 1999. NOT.

To: SkyDart who wrote (35990)	1/22/1999 1:17:00 AM
From: ROBERT H.	Read Replies (2) \| Respond to of 164684

Skydart-100% RIGHT !!! When most of the people think or believe a stock can do or go in only one direction it will invariably go the other way.Down is up and up is down.The crowd is always wrong.The trick is to go against the popular wisdom and you will profit greatly. Learn to read which way the most noise is coming from and have the nerve to go the other way and you will be a wealthy person. Regards, BOB

To: SkyDart who wrote (35990)	1/22/1999 2:17:00 AM
From: Howard Hoffman	Respond to of 164684

Very efficient Dart. Post on YHOO. Post the same on AMZN. On any other boards? You really know how to diversify here. You think this will help stem the tide? With AMZN having formed a downward sloping neckline today, it is looking the weakest of the e-stocks that I follow (EBAY's double headed, 3/4 of a head & shoulders, is quite interesting too). With this whole sector correcting, and with so many neophytes thinking this is a can't lose game, you are brave if you are buying now. Good Luck.

To: SkyDart who wrote (35990)	1/22/1999 9:58:00 AM
From: Spartex	Read Replies (1) \| Respond to of 164684

<<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.>> I too, believe in these contrarian indicators, but the first sign of bearish sentiment doesn't mean a reversal will happen in a few days. In fact, look at gold, chips, and oil (oil and gold still in bear market). The bottoming out process could take much longer than you think. I would be wary here. QuadK