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

AMZN 239.30

-1.0%

Jan 30 9:30 AM EST

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To: Bill Harmond who wrote (81069)	10/18/1999 2:28:00 PM
From: KeepItSimple	Read Replies (1) of 164685

>Yes. High put-buying is a contrary indicator. Contrarian indications mean nothing in a mania. For 2 years, EVERYONE was betting the net stocks would soar, and they were all right. Only the shorts got killed. Of course, in a bear market, many will make very successful short bets- and they'll keep getting "lucky" for a long time, just as the bulls got lucky in the previous two years.

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