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


To: Bill Harmond who wrote (51614)4/19/1999 10:49:00 PM
From: Sarmad Y. Hermiz  Read Replies (3) | Respond to of 164684
 
William,

You've got trading volume on your side. Except for AOL (50 M shares) and amzn (unfortunately, 15 M shares) volume was very light. Meaning the problem was no buyers, not dumping by funds or whatever.

What I think is very serious, is the sustained losses these last three trading days. I think it is possible that individuals are out of money to buy.

First the momentum crowd only buys if the price is going up. By definition, they don't buy the dip. They do the opposite.

Then the funds. I think it is they who turned away from the internets and to oil and the like.

I really would like this game to go on longer. But the sector needs money. Where will it come from ?



To: Bill Harmond who wrote (51614)4/19/1999 11:41:00 PM
From: 16yearcycle  Read Replies (2) | Respond to of 164684
 
"the market suddenly feels safer in the 19th Century. This too shall pass."

<VBG>