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

AMZN 229.55

+0.2%

Dec 5 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (69636)	7/26/1999 11:16:00 AM
From: Eric Wells	Read Replies (1) of 164684

>>It is not a short at 100 pts off its high, and >>coming into the higher sales season. Sarmad - thanks for your message. We obviously have differing views on this. But considering that AMZN is six points up from where I made my latest short (105.75), your view may be the correct one. However, I see a number of factors that are weighing on the market at the moment: >Fears of interest rates >A falling dollar and money leaving the US >Rising bond rates >Summer dolldrums setting in With Asian markets down overnight, and European markets down, I was expecting the DOW and the NASDAQ to be much lower than they are at the moment. While I'm in the red on my AMZN short, I'm cumulatively in the black with my shorts on AMZN, YHOO, EBAY, and CMGI. I will cover all by end of day. Thanks, -Eric

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