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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.41+0.6%Nov 7 9:30 AM EST
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To: GST who wrote (64756)6/26/1999 4:24:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
>> (1) These high pe and ps stocks will do what the bond market tells them to -- at least in the event of a rising bond yield. At 6.5% AMZN will drop like dung off the Empire State Building.
<<

And then go SPALT!

I would like to know what was the cause of the 55% drop in amzn price in Jan/Feb, and the subsequent 110% rise in March/April. Interest rates were standing still during the whole time. So if amzn makes wild moves with no relation to interest rates, why do you think interest rates have an influence on it ?
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