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

AMZN 239.30

-1.0%

Jan 30 9:30 AM EST

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To: Paul Merriwether who wrote (69184)	7/23/1999 1:27:00 PM
From: Jan Crawley	Read Replies (3) of 164685

The reason for that is that I can't justify their valuations, so I can't as a rational person assume that they will come back up one day. See Paul, your level of "rationale" maybe different from other players. Many day & short-term tradings are "happening" in many places and lots of them are looking for "actions". Short-term trading and actions are self-fulfilling. People are told, and thinking, geeeez, I need to have some exposures(the 5 or 50 bagger kinds) in the nets, 5% or 10% or whatever....

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