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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (67221)	7/12/1999 10:54:00 AM
From: Eric Wells	Read Replies (2) of 164684

>>As you know they gave away a third of the company to buy 2 money >>losers named GeoCities and Broadcast. Sarmad - although I think GeoCities and Broadcast.com both have good business concepts, I couldn't agree more with you on the notion that they can't possibly live up to their multi-billion dollar price tags. Got back from Europe just last night and am back to trading today. I got scared by this morning's net sell-off, and have dumped my AOL shares at 125 for a profit (although I perhaps sold too soon, as it is now at 126 - wasn't it Buffet who said he never sold a stock too soon). I have to wonder if the euphoria we've witnessed in net stocks over the past two weeks has come to an end - or if it is just taking a breather this morning. When do the dog days of summer set in anyway - and you have to wonder when Y2K fear might hit the market (September?). -Eric Wells

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