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


To: Sarmad Y. Hermiz who wrote (45623)3/14/1999 1:49:00 AM
From: Frost Byte  Read Replies (1) | Respond to of 164684
 
I've stopped trying to figure out intra-day moves...it will drive you crazy and it has scared me out of many stocks that have gone way up following a couple days of weakness.....BVSN went from 42 to 35 on no news and during a time when the market was strong...I got scared, thinking something bad was going on and sold...BVSN is now at $60...AMZN has a lot in store for us and I am just holding on, hoping for it to go back to at least the old $200 high, then declare a split, and watch it rise from there...thats my strategy.



To: Sarmad Y. Hermiz who wrote (45623)3/14/1999 2:08:00 AM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
Daytraders move like a school of fish. I wouldn't read much into these swings. They're much more mild than last year.



To: Sarmad Y. Hermiz who wrote (45623)3/14/1999 2:34:00 AM
From: Suresh  Respond to of 164684
 
>> Thanks. I don't doubt that. But how to explain that mid-day reversal >>from 142 down to 130. Especially following Keith Benjamin's usual
>>upbeat report?

I don't think 12 month target of 150 is an upbeat report in terms of dollars and cents for investors considering the risk factors. CNBC reported KB's rating but did not specify his 12 month target. When people came to know about the price target they bailed out. IMHO his 12 month price target was the momentum killer.