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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: GST who wrote (80726)	10/15/1999 2:39:00 AM
From: dbblg	Read Replies (1) of 164684

Hi GST, Leaving aside the put/call ratio, I'm not sure you can say there's no fear out there. Panic selling in TYC, folks fleeing Raytheon, Xerox, and Unisys at any price--there are plenty of jitters. Right now it's still fear of losing bonuses, rather than fear of losing a way of life, but we're getting there. Part of the complacency you are sensing may just be the calm produced by healthy cash balances. (I bought a little EXTR when it retraced half its intraday move, but I still have enough cash to let me sleep well.) I'm seeing some tempting shorts out there but I'm not willing to play them in this environment. cheers, Ganesh

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