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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Chung Lee who wrote (100852)	4/14/2000 7:54:00 PM
From: GST	Read Replies (1) of 164684

Chung: <why cash out now?> You must remember that there are many people who entered the market believing the risk was low. If you talk to older people, retired or retiring, and many of whom came late to the party -- they are in shock and asking themselves if they want to be in this market at all. Not everybody watches the market. They will talk things over this weekend and if even 5% sell on Monday morning -- what can I say? It would be hard for fund managers to pay up unless they double their cash on hand. They have no doubt begun this preparation, and now they must wait and see how many calls they get from people saying -- I want my money back -- NOW. Two trillion dollars of wealth just left people's accounts -- half of it today. Its no joke.

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