Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 231.69

+1.7%

3:59 PM EST

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To: fedhead who wrote (144498)	7/31/2002 6:53:14 PM
From: GST	of 164684

Anindo: Your point is well-taken. The indices are going to be flat to down because of the drag of technology stocks. What I was trying to say was that, outside of tech, there is some appetite for stock that provides an opportunity at least in the short run to make some money on the long side. We are in a bear market. It is not over. And this is a bear market rally in which tech will not be participating -- perhaps that is closer to what I was trying to say. I have zero confidence in tech stocks at this point. Citigroup, in which I currently have a speculative position, is undervalued at the moment IMO -- but it faces a slew of very ugly business situations. I am just betting that insitutions will acuumulate some stock at this price and C will continue to do buybacks.

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