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


To: Sarmad Y. Hermiz who wrote (40775)2/17/1999 11:01:00 PM
From: Dwight E. Karlsen  Respond to of 164684
 
The psychology at the top is that the stock in question will never do more than a 10-20% "correction" from here on out. That would be healthy even! the bulls say. Meeker went as far as saying a 25% correction would be "healthy" for internet stocks.

Gee Mary, AMZN is now 53% off its intraday 52-wk high. This must be very healthy! :-)

I don't see anything to lift the techs, so the weakness should continue.