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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.69+1.7%Dec 10 3:59 PM EST

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To: GST who wrote (73096)8/11/1999 3:53:00 AM
From: KeepItSimple  Read Replies (3) of 164684
 
GST, I think the downside on net stocks is finished for the next few weeks. The analysts are all jumping back on the bandwagon, without exception, and the daytrading hordes are itching for another run.

Mary Meeker, while allegedly taking time out from directing quarterly revenue accounting fraud at an internut company she helped underwrite, is back on the warpath with "strong buy"s left and right, especially with her favorite, Ebay.

The mania has begun again. I am completely long in calls on AMZN and Yahoo and Ebay, after taking a 20% hit on my huge Yahoo put position.

Tomorrow:

AMZN +12
YHOO +20
EBAY +26
PCLN +15

And those are conservative estimates. Cramer is back on the internut bandwagon again, and maria bartiromo will screaming of "volume to buy" tomorrow morning next to the AOL desk. CSCO's numbers, while missing the whisper number (which was never mentioned ONCE on cnbc) will be trumpeted as proof the tech rally is back in force. Without a doubt, Blodgett will jump in tomorrow and say the decline is officially over, too.

Time to go long. These nets arent going down for at least 3 weeks.
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