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

To: KeepItSimple who wrote (45619)	3/14/1999 12:54:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

What I want to answer for myself is this. It is understandable why amzn went to 142 after the 150 target. What is harder to figure out, why it ran down so fast and so low. I can think of two reasons: 1- no real buyers were motivated by the 150 target. Day traders bought in anticipation of real buying. No show. then selling with no buyers. I believe this happened with CMGI around same time. 2- There may be another round of concern over Q1 revenue, which is stronger than Blodgett's influence. I can't think of any other reason. I don't think that suddenly speculators started caring about fundamentals.