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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: Olu Emuleomo who wrote (72808)	8/9/1999 8:33:00 PM
From: Jan Crawley	Read Replies (1) of 164684

What do you say to a buy now and sell if we close under 120? Olu, actually I would like to "buy and hold" 200 Yhoo shares @120 coz I think the Oct-e-run will take Yhoo back to $150/160 and a 2:1 split announcement. But I happen to agree with Kis on this one; Yhoo will have problem standing alone and above $100 if everyone else are under for the next 2/3 weeks. p.s. latimes.com. Still, Nancy Roset, a Sausalito venture capitalist with some of her own money in Internet stocks, said she's holding on, believing that her stocks will come back in six months or a year. The reason for Roset's confidence, however, has little to do with the companies' fundamentals. She's betting on the "greater fool" theory: That even as many investors have been burned in Net stocks, there's another army of buyers out there, at some point. "Investors will still overpay for these stocks." * * * Times staff writer Karen Kaplan contributed to this story.

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