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

AMZN 226.10

+2.5%

3:59 PM EST

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To: GST who wrote (81016)	10/18/1999 2:48:00 AM
From: Bill Harmond	Read Replies (2) of 164684

>>which is what we have now That's your opinion. >>Your margin reference is nonsense. This is meaningless. What he called for, and called for clearly, was for those who know better to stop going along with this circus of a stock market and to price them for what they all are -- inherently risky. And that is not even getting into the net stocks where risky does not quite capture their prospects -- >>potentially worthless comes to mind as a closer approximation. Your opinion again. Not his words. You may think my margin point is nonsense, but after drying up credit-driven demand for the stocks this spring and causing a severe correction, it has taken volatility (and hence some risk) out of the group. All you have to do is look at the online brokerage stocks to see that the bubble has been deflated quite a bit. GST, he was addressing bankers. He doesn't want to see a meltdown that takes lenders with it, so he's warning them to be more vigilant in assigning risk premium in their LENDING against potentially volatile assets.

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