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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: Sarmad Y. Hermiz who wrote (103875)	5/24/2000 12:32:00 AM
From: schrodingers_cat	Read Replies (1) of 164684

I think the bulls are not buying because they are despondent about the continual sell-offs. The last 5 days of NAS declines (on no news) are a crushing blow their morale. That said, today's 200 point decline looks as if the gloom has become a bit overdone for the time being, and I wouldn't be surprised by a rally tomorrow. I suspect some of the money that has come out of tech in the last few months has gone to repay margin debt.

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