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


To: Glenn D. Rudolph who wrote (49019)4/5/1999 5:29:00 PM
From: MoonBrother  Read Replies (1) | Respond to of 164684
 
I was breathless today! Wanted to write something during the day, but was so overwhelmed by the fantastic show put up by all the net heavyweights such as YHOO, AOL, AMZN, CMGI, etc. and a bunch of online trading firms AMTD, EGRP and NDB. I was sooooo lucky that I have almost all these stocks (except CMGI), therefore enjoyed one of the biggest gain days I've ever had. What a day!

I do, however, think that the net stocks are a bit over stretched at this point, especially YHOO, CMGI and AOL. I agree that if YHOO reports a so so Q1 result on Wednesday, then we might see a huge Net sell off afterwards. At this point, we need some extra positive news to support the group to move further up. If there is no news in the next several days, then it's possible that the net stocks are gonna take a breather. An at least 10% de-flation is very possible. But, if that does happen, I think AMZN could be one of a few that could better hold their values. After all, AMZN's gains in the past week or so are relatively reasonable and orderly with about $10 ~ $15 pts a day, and it has yet to reach its 52 week high of $199 set 3 months ago.

Good luck tomorrow!