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

AMZN 226.80

+2.5%

3:59 PM EST

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To: GST who wrote (62275)	6/14/1999 12:22:00 AM
From: Mark Fowler	Read Replies (4) of 164684

I make my points as best I can but I sweat every time the market opens -- asking myself 'did I get it right or am I going to get burned'. My take is that we have seen a mild downturn and there are reasons to expect more and worse -- not meant to be an insult to you or others, just an assessment. << Gst, i have given my assessment of the situation as best as i could too. Both longs and shorts are in for struggle in here, again, know your support and resistance lines on key indices and chart patterns. It will help you -- just going by your gut means nothing without evidence to back it up. You keep hammering on rising rates this is old news guy way after the fact time to have gone short was when the fed took a bias towards tightening and when internets were at there peaks, not when they have corrected as much as 50% or more. Hell i know these stocks could correct another 10 to 20 percent easily, but a "crash " well odds are stack against you on this; it's a high probability it won't happen. Sleep well.

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