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

AMZN 237.58

-2.7%

3:59 PM EST

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To: Bill Harmond who wrote (109183)	9/28/2000 11:04:24 PM
From: GST	Read Replies (2) of 164684

William: "Oil fell sharply on Thursday"? The world isn't ending??" Do you think that the day-to-day movement of the price of oil matters? The point of everything I posted in the last month is that it does not matter at all -- it is already too late to deflect the impact. The time to fend off the impact was six months ago. There are well-founded concerns about a recession. If it does not come to be, then we may have a soft landing and a buying opportunity -- great. But if the economy overshoots and slows too much, which is a very valid concern, then investment "portfolios" which consist of highly concentrated holdings of astronomically priced, high-risk technology long shot stocks will continue to be burned to the ground. Good luck. Oh, by the way, that would make today a suckers rally -- were you buying?

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