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

AMZN 244.23

-2.4%

2:02 PM EST

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To: Sam Sara who wrote (96782)	3/18/2000 9:53:00 AM
From: Robert Rose	Read Replies (3) of 164684

<I am still puzzling over reaction to Clinton/Blair statement> My understanding is that investors are reevaluating how 'patentable' this genetic info will be. Apparently, companies like cra and hgsi have patented a lot of 'in nature' info, the applicability of which Clinton/Blair have called into question. However, the White House itself has said that the Clinton/Blair statements are good for the biotechs, so the sector-wide selloff seems to be just a much-need technical correction, the excuse for which was Clinton/Blair. <For the B&H type, this seems like a good entry point.> I have to agree. The fundamentals for the sector and the larger economy are just too bullish to justify further correction, imo. But like you, I was also buying at the 20-day, so have been surprised also by the severity of this selloff.

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