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

AMZN 241.56

+0.3%

Jan 7 3:59 PM EST

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To: GST who wrote (87312)	12/13/1999 10:19:00 PM
From: Tradegod	Read Replies (1) of 164684

I'm nibbling on puts myself. Bought them on SUNW Friday and today, and the QQQ's this morning. (their strength is unbelievable). Im probably early as I tend to be. Will stay close by the trigger. I wouldn't be surprised to see a bullish CPI report actually result in a market decline. I think traders may sell a strong opening tomorrow. It's not enough to consolidate this crazy naz, we're jumping 30+ points a day. Record high after record high. When it will end is anyone's guess. Just got to be ready for a little. The Naz last October 8 bottomed at 1350, we're now at 3650 in 14 months. The mindless speculative buying of YHOO last week prior to it's S&P inclusion was only exceeded by it's return to the 350 level Friday and today. Watch SLR tomorrow for an example of how a blue chip momentum stock trading near it's all time high with an 80+ PE can get clipped.

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