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

AMZN 246.42

-0.4%

3:59 PM EST

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To: Bill Harmond who wrote (85748)	11/30/1999 5:01:00 PM
From: GST	Read Replies (1) of 164684

William: 2 points -- I assumed you were referring to today's economic data from the Chicago purchasing Manager's Index which indicates a growing economy, not data concerning October released on Nov. 23rd (and BTW, bonds sold off after that report was released). Second, good point, you are right about the declines -- but do you really find this meaningful? Did you notice the strong consumer data out today? The purchasing managers report today and expected tomorrow conflict with the 'declining' output data. What do you expect on Friday? Higher unemployment? Benign labor data? Did you see the price data in the purchasing managers report? Hardly a sign of a slow down. BTW, AMZN did not look so good today. The poor performance of the NBC net spin-off made some money for me in my 'short GE' account.

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