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: gjhinc who wrote (44446)	3/7/1999 9:40:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Did you come up with any reason why amzn reversed its uptrend early last week and came down from 135 to 121 last Tuesday ?

To: gjhinc who wrote (44446)	3/7/1999 11:34:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

William won't admit it, but the relief rally we got going Friday -- actually on Thursday as the relief rally became obvious to everyone -- well almost everyone -- well, that relief rally is going to let us chart a new course with an upward bias for at least a week. It could become a buying panic, moving upwards with more force than anybody would expect -- like the early January action. Investors went into January expecting a sell-off and then got whacked in a bit of a buying panic, especially in the net stocks. For myself, I won't fight the tape on this, and I expect to see a parade of analysts talk about the improved technicals in the market this week. AMZN will likely get caught up in this -- although it has been pathetic for a few days. Even INTC could rally.