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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Eric Wells who wrote (74703)	8/19/1999 4:58:00 PM
From: McNabb Brothers	Read Replies (2) of 164684

Eric, Blodget is just about through as far as being an internet expert. Why did Blodget not come out a week or so ago and say what he did yesterday. I think he felt like he was going to get left out and like KIS he's not a very good market timer at all! The internets were way over sold a week or so ago, and this IMO was a normal rebound after such a decline. Looking at the TA, they all look as if they made about a 50% retracement of their decline and are ready to test their lows and I predict some will make new lows. Todays action was proof to me that I can start adding to my naked call positions again and will begin tomorrow, for I have a ton that will expire worthless after tomorrows close, and big fat ZERO! Then later this fall we will see a Christmas rally and after that most the internets will have seen their better days. Since this is AMZN thread I will again say AMZN will never make what most the bulls are expecting! Hank

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