Amazon.com, Inc. (AMZN) Message Board

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

AMZN 243.08

-2.9%

Nov 6 3:59 PM EST

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To: Bill Harmond who wrote (99976)	4/11/2000 9:40:00 PM
From: Robert Rose	Read Replies (1) of 164684

Yea, seasonality. The historic pattern of the summer doldrums for techs. Try as I might otherwise, I see this pullback playing out similarly to 1999's. Only it's happened a month earlier this year. My concern this time is that some of these stocks may not bounce back on cue as they did last year. Take a look at the charts for hlth, isld, ppro, vert, icge, affx and cmgi, to name a few. It's awfully early in a seasonal pullback to see this sort of wreckage at this level of quality. Should investors continue to fixate on 'value,' there's a lot more blood that can still be squeezed from these turnips.

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