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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: Robert Rose who wrote (71648)8/3/1999 8:49:00 PM
From: GST  Read Replies (1) of 164684
 
Robert -- I think we are nearing the point where real concern is starting to slip into our conscious awareness of the trend down. We flirted with bond yields at this level and nothing happened. And there will be some who will start singing about the Fed's rate hike being 'priced into the market'. But the market will still go down, and bond yields will rise. There will be mounting fear as people realize that foreign selling will continue unabated and that this is at the heart of this bear market for nets and -- at the least -- this correction for the market as a whole. Did you see qcom today -- a great stock being beaten black and blue. I am now short the OEX and long gold calls -- and that is it. I see no bounce ahead of us -- save for the one at the bottom of the flight of stairs some days or weeks from now.
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