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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.54-1.2%10:18 AM EST

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To: GST who wrote (76227)9/1/1999 10:28:00 PM
From: Winston Lee  Read Replies (1) of 164684
 
Hi GST,

Long time no see - I sold out of all my positions early July and have completely stayed out of the market since then (due partly to heavy workload). What's your take on the market ... especially today? Here's my take:

1. I think QCOM & JNPR news may have dragged the entire internet market.
2. The market continues to swing wildly - from overbought to oversold conditions ... this is not remarkable except that at some point the market may either crack or fly through the roof.
3. I think the NAZ may retest the 2450 market some time in September ... due primarily to interest rate fears.
4. I will start accumulating internets slowly if the market drops or if the interest rate fears subside.

Regards,
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