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: Glenn D. Rudolph who wrote (38761)	2/8/1999 12:42:00 PM
From: GST	Read Replies (1) \| Respond to of 164687

Glenn--This sell off is a little different than in the past.> Think of all the people who lost money in the last few weeks on the nets -- starting with AMZN. Every day there are more who 'buy the dip' and then lose money. When people make money easily, they say to themselves 'hey, I am a really smart guy, I can't lose'. When people lose money, they are more likely to say 'damn stock'. Week after week, as AMZN falls apart and takes more money from people, the talk around the kitchen table will be, 'that damn stock' -- as in, "if you buy any more of that damn stock, dear, you are going to be singing in the choir." That is why the volume sucks -- and it will only pick up on the downside as investors who are underwater throw in the towel because they know they are never going to see that money again.