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

AMZN 250.24

+0.3%

3:59 PM EST

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To: GST who wrote (114481)	1/5/2001 2:54:38 PM
From: craig crawford	Read Replies (1) of 164684

>> Craig: My question is, did we have your "rally" the day rates were cut, and it is now over? << I believe the rally is not fully played out. I believe this is just a normal retracement. I was hoping we didn't have to have one, but going up 325 and giving back 200 is still not a sign of failure. It's a retracement. A hefty but not unusual retracement that I believe is much closer to ending than beginning. >> Every company that reports this month will paint a darker picture of the current quarter -- on top of warnings already issued. << How many times in the past have companies gone up on bad news? It's obvious EVERYONE knows this quarter and the next couple are not going to be great. Some people are selling now because they got a nice pop a couple of days ago and they don't want to be around for the bad earnings reports. That means everyone is selling ahead of time, and there will be no more sellers left when the reports all roll in and the uncertainty is removed. So I believe we get selling ahead of the earnings numbers, and we actually RALLY on the bad earnings reports! >> This is a bear market Craig -- a bear market << Bear markets can have vicious rallies too you know. Witness Wednesday for example. As hard as it is to believe, they can even go on for months (like in the spring).

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