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


To: Sarmad Y. Hermiz who wrote (41736)2/22/1999 11:53:00 AM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
More upgrades are likely - the reason why is that the Internet will continue to grow rapidly for a while longer and the internet stocks have been the greatest money makers for the brokerages. Think how many billions have been pocketed by the investment industry. This lazy market (relative to recent past experience) is not filling the coffers like it once did - time to prime the pumps and hype these stocks. However, I think the pimp ANALS will be spitting upwind and it will land on their faces after a brief move.



To: Sarmad Y. Hermiz who wrote (41736)2/24/1999 4:19:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
We saw the expected rise to the 120 level today and then Amazon sold off despite the news of the investment and alliance with DrugStore.com. I would have thought it too early for a "key reversal" - haven't downloaded and looked at the TA yet - what do you think? - Is this the top of the rebound we expected or does it have some more legs left because of the announcement?

IMO, the tech stocks will be fried soon and there won't likely be a clear time to buy them again until this summer. It should be a fair-good stock traders market but bloody for long term investors.