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

AMZN 233.05

+2.9%

Jan 5 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (48453)	3/31/1999 8:22:00 PM
From: GST	Read Replies (1) of 164684

Sarmad -- it sure has been a wild ride. I am glad I did not buy AMZN puts 75 points ago -- although going against MSFT has not been such a bright idea either, with only a little relief today -g-. I have convinced myself that the nets will not lead the way down. This is in part because I think institutional investors will be the first to sell this time -- and don't see them moving on the nets first. There are something like 5 billion shares of MSFT -- and this is where I expected the selling to begin. I wish I had been more patient, but the selling today did begin with MSFT. I am hoping MSFT will sell-off while the nets tread water. If that happens, then I will move. If not, I will take a few lumps and think about it some more. Good luck.

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