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

AMZN 241.56

+0.3%

3:59 PM EST

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To: Platter who wrote (35442)	1/20/1999 3:03:00 PM
From: Platter	of 164684

Cosmo, seems like Waterhouse having desired effect!>>>>Just spoke to Waterhouse..They now require 100% cash for Internet stocks like AMZN, UBID,LCOS, CMGI etc....However, requiremnts for other sectors were lowered...seems like The market is trying to cut their exposure/risk in the internet sector..This could benefit OS stocks.>>>>>>> I was just checking the action in some of those InterNUTs.. Do you realise that investors were paying $189 for UBID on 12/23/98, its now at 73...also those guys were picking up AMZN at 199 on 1/8/99, today its at 121....and get this , they were buying ebay at 315 on 1/8, today its at $213...some were chasing MZON at 60 a couple week ago...today its around $18.00...So margin calls and plenty of hope and a miracle would be needed for these guys just to break even...I mean, how are you goona get a stock back up to 189 so you could just break even(UBID)...

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