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

AMZN 232.88

-0.8%

Nov 17 3:59 PM EST

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To: KeepItSimple who wrote (64447)	6/24/1999 4:13:00 PM
From: GST	Read Replies (2) of 164684

I am struck by the incredible complacency in this market (and on this thread). If there is one clear message in the market it is this: stop trying to play a 'rebound' in the net stocks cause chances are it is not going to come - and worse -- the game might be over. Great stocks will get hurt -- MSFT comes to mind but there are hundreds of them out there. The nets? The nets will play something closer to the full range of their 52 week high/lows. Anybody left on this thread will play games like: remember when? The risk is real. Earlier this week I thought we would have a short-covering rally that would rock-and-roll us into new highs because interest rates were receding -- but the recent rise in rates says this was wishful thinking. When the volume picks up it will be the ugly rush for the door -- too late.

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