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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 243.08-2.9%3:59 PM EST

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To: Sam Sara who wrote (96786)3/23/2000 8:26:00 AM
From: Robert Rose  Read Replies (1) of 164684
 
<I am speculating on investor psychology here- two factors are prior biotech meltdowns in 1990s that many remember and lack
of intellectual comfort by many with technology. This injects an extra degree of FUD into sector contributing to recent decline.
Who knows what will happen next, slow recovery or basing with a seed event to start next acceleration. >

These are exactly my thoughts. However, even if the recovery is slow, basing will be much shorter than the 90's basing period for these reasons: 1) much more r&d coming to fruition, igniting excitement even in areas with far-out payoffs, 2) the recent runup has provided funding opps (secondaries, etc.) that stabilize and greatly strengthen the balance sheets of these companies.

While the investment risks remain higher than those in the b2b space, I just can't help but think that this selloff is a great buying opp, and that the runup is not over yet for the year 2000. I am buying again this AM.
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