I heard that there was a meeting over the weekend between 800 flowers and Amazon. Does anyone have further information?
Can you say flowers, a gift basket and a book/cd for Christmas..
this week is tomorrow's Current Account defit for
Q2, to be released at 10am est. The weak link here is
the US dollar and that'll be the focus at 1001 am.
You can sell today or first thing tomorrow, after
that you could get buried.
inflation isn't an
issue - its the growing imbalance between
imports/exports putting pressure on the greenback. consider this
your final warning.
rally ? I see the NAZ as directionless after
making new highs. Most of the inet stocks have slight
profit taking but I wonder if it will be lower in the
afternoon and tomorrow before Wednesday's PPI. The money
will be retreated to sidelines again until the numbers
As you said, funamentals that are forward looking
are all, what if Xmas sales are good, what if Y2K
causes glitches, what if.........
The simple facts
are that, humans make errors, and I'm never met
anyone who can deny this. All forward looking
fundamental reseach is based on opinions, and some opinions
are right, and some are wrong.
What I care about
is supply vs. demand. If there are solid
fundamentals, it will be reflected in the demand for the
If fundamentals are weakening, supply will come into
...Average trade size is normally over 1k during
the first 10 minutes of the day, then gradually
decreases. Today it was under 600 at 9:37. Which means that
any "dumping" is being done by small-timers. Sell
orders on the Island (link below) normally outnumber buy
orders 2:1. At this moment, they're about equal. Looks
like the stock should be headed back up
The Island, by the way, is free and you don't have to
Next buy signal on AMZN is
After that 71, where I do expect some resistance unless
their is massive short covering above the 71
You are right, in that there are no big boys selling
If the DOT index gets some legs today, we'll see a
rally in AMZN.
Good Luck Jim,