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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.28+1.4%1:20 PM EST

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To: Mark Fowler who wrote (73337)8/11/1999 9:50:00 PM
From: KeepItSimple  Read Replies (3) of 164684
 
Guys, give up any idea of shorting. The net stocks are going to rise 40-50 percent in the next 2 weeks. The fed came out this evening and said they see no signs of inflation whatsoever.

All the analysts are issuing strong buys, and saying "look, they are down 50%, if you missed the bandwagon the first time you've got a second chance!" and like lemmings, every single daytrader in america is going to jump at the chance.

There is simply nothing that will stop this rally. Even though I wont be around to monitor the market, I may open a few large call positions on AOL (500 contracts) and Yhoo (200 contracts, not as sure of the bounce)

The downslide is over, for the forseable future. I know this whole industry is a financially engineered fraud, and even Cramer admitted it in a story last night, but NONE OF THAT MATTERS. The mania is here again, and the tequila is flowing. BUY CALLS.
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