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

To: Sarmad Y. Hermiz who wrote (52501)	4/23/1999 7:33:00 PM
From: dbblg	Read Replies (1) \| Respond to of 164684

Sarmad, I don't want to belabor the point, but actually, yes, I think people who bought YHOO at 244 got plenty of hints that the stock was headed down. The day YHOO hit 244 intraday, it closed below the old high. Even if someone rationalized this away somehow, the next day the stock gapped up and then again closed below the old high. Assuming someone had bought because of the break above the old high, they should have taken one of the opportunities to exit. People who didn't were either buying for the long term (or telling themselves that they were, anyway) or hoping that the froth in the market would bail them out. In addition, 244 was about 10 percent above the old high, which is kind of pushing it for a technically driven buy. Ganesh