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

AMZN 230.85

+0.8%

10:39 AM EST

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To: Lizzie Tudor who wrote (70698)	7/29/1999 6:55:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

I agree with you. I am unsure whether this is the Sept/Oct correction moved up a month or just an interim correction though. I anticipate the market to strengthen in late August or early September. The correction was early this year and caused by the Feds tightening. Net stocks have a different problem and that is all these junk IPOs though. I am thinking a real rout in those is still ahead (well it has to be since a lot of junk is still coming out). There are 2 high quality stocks that I think could suffer tremendously when the other junk falls - engage and drugstore. Maybe others but those come to mind. They have fared no better than some of the dogs and they might get thrown out with the bathwater when $$ really leaves. I believe much of the market will distinguish the difference. Glenn

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