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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Jenne who wrote (48836)	4/3/1999 2:05:00 PM
From: H James Morris	of 164684

Jenne, I couple of bullets stand out but I've got to rush because I'm heading out. >> Another is globalism. But the most important reason is technology<< Technology is what continues fuel Wall Street but the big caps are running the show. If your not global you can't grow but don't drink globally. If you must drink. Drink locally. >>Virtually nobody predicted OPEC's oil price quadrupling,<< Not to appear egotistical but my record here shows here that I did call that right. >>I don't know what this reminds you of, but it reminds me of Japan. There, unsustainable share prices reflected a rigged system of cross-ownership. In our case, though the ''market'' is speaking, rather than an old-boy network keeping silent, the result is not dissimilar: a stock bubble.<< As you know I've been buying recently US funds that have Japans = our nifty 20. The Japanese old boy is the keiretsu. We have one too Need I say more. Re the bubble. I still go with the trend. If we are all on our toes? We should be able to get out before the hydrogen blows. >> Historically, it's the little fish who get swamped when the tide turns<< Absolutley agree here. I say crushed by the elephants who are always first out and the little guy last. Just make sure your not a little guy when the door hits the ass.:-))

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