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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST

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To: Bill Harmond who wrote (90070)1/6/2000 11:21:00 PM
From: Sam Sara  Read Replies (2) of 164684
 
William, first kudos to your sense of timing....impeccable.

I am tempted to sell a portion of my holdings into any bounce, but I have the same problem that Robert Rose did in December (although he was wise enough to overcome it <g>- I love the stocks I am holding.

I do not see any fundamental reasons for this decline- is it simple as liquidity drying up due to rising bond yield, profit taking, and sector rotation? Severe sell-offs should eventually engulf the Dow and S&P as well, and so far no major damage there.

LU is a nonissue in my mind, esp. with CSCO and Nortel reassurances. I am thinking that this is nothing more than natural retracement of an overextended Nasdaq, and that it will bounce back in the course of about 3 weeks to at least a flat-to-gently rolling market, allowing leaders to reemerge.

Lately you have been alarmingly on the money- what am I missing here?
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