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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.10+2.5%3:59 PM EST
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To: Glenn D. Rudolph who wrote (61555)6/10/1999 9:52:00 AM
From: Winston Lee  Read Replies (1) of 164684
 
Glenn,

I think the NAZ will recover most of the losses by the end of the afternoon.

I dislike 90% of the internet stocks including AOL. AOL's biggest problem is that there is no scalability in its business model. Weakness in the internet stocks is really a reflection of the sifting-out effect going on between the outstanding and junk equities. My categories are really that: outstanding or junk. The whole internet stocks have declined recently as this sifting out process continues, but the strong ones will only get stronger, increase market share, increase scalability and prices will rise significantly over the long term, but the weaker equities' stock prices will continue to decline, and for some, will need to make an appointment with a bankruptcy judge.

Regards,
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