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

AMZN 244.22

+9.6%

Oct 31 9:30 AM EDT

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To: Lizzie Tudor who wrote (69174)	7/23/1999 1:04:00 PM
From: Robert Rose	Read Replies (2) of 164684

Michelle, as HJ noted, now even the most stellar inet ipo's are fumbling a bit. Just this past week I've seen deterioration. Example: gs-underwritten enga was good for first day profits 7/20. I was in at 30 1/2 and out at 42. Stock is now trading at 31 1/2. Example: gs-underwritten insw is not very good for first day profits 7/23. I was in at 43 1/2 and out at 41 1/4 seven minutes later. Stock now trading at 37 3/4 and falling.

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