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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 215.60-0.7%9:41 AM EST

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To: GST who wrote (113324)12/22/2000 6:52:41 PM
From: craig crawford  Read Replies (1) of 164684
 
>> craig: is it really the shorts? <<

Yap.

>> I see overpriced stocks like JNPR up 20 at one point today and say to myself, there are some over-eager beavers out there asking to lose their money. <<

I see over-eager grizzlies scrambling to cover JNPR up 33 in after hours! JNPR and others are not my cup of tea, but they are down enough and shorted enough that they can have these huge bounces. The problem is you have to be very selective and have perfect timing. Most of these high fliers that are up 20-30% today are down that or more in the last few days.

I have SUNW calls that I bought BEFORE the Fed made it's announcement that I'm up on now.

There aren't any high fliers that are higher now than they were before the Fed made it's announcement.

BRCD
QLGC
BRCM
JNPR
SCMR
RBAK
CIEN
GLW
JDSU
AMCC
PMCS
ARBA
CMRC
RIMM
HAND

All lower after huge moves today. SUNW is up a point and a half from right before the announcement was made. ITWO is one high flier that is up 2 from right before the Fed announcement. Same for EMLX. Anyway I guess I shouldn't brag about my SUNW too much. It could all change in one day and SUNW could underperform if these mo-mo stocks really catch fire. (Or SUNW could suffer profit taking---which should be bought).

The point I'm trying to make is you need perfect timing and a very strong stomach to time these high fliers right. Over time I think they are underperformers.

You can buy these and tuck them away and not have perfect timing and come out in one piece.

INTC
SUNW
AMAT
CSCO (in 30's)
MSFT

P.S. I do like QCOM, EMC, and YHOO as well but they are kind of in-between stocks. Not full fledged high fliers but not exactly blown out of the water cheapies.
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