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

AMZN 244.41

+0.6%

Nov 7 9:30 AM EST

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To: John Donahoe who wrote (78165)	9/23/1999 2:10:00 PM
From: GST	Read Replies (1) of 164684

John <Negative breadth simply means that there are going to be a lot of losers in our transition to the "new economy".> An interesting idea -- but let me put things in another light. Take GE which trades at 40 times trailing earnings and gets most of its growth from financial services. Take a look at GEs chart -- this is a leader that serves as a good belleweather -- it has not broken down. If the market is going to break it will be the companies like MSFT and GE that will be revalued. Net stocks will get crushed if MSFT and GE get marked down in price significantly.

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