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

AMZN 244.41

+0.6%

Nov 7 9:30 AM EST

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To: craig crawford who wrote (114522)	1/5/2001 9:11:53 PM
From: GST	Read Replies (1) of 164684

Craig: What makes you think six weeks of redemptions is a bottom? How about six months? In Japan it took years -- they all just kept selling and selling and selling, even though the government brought interest rates down to within a hair of zero. This is not Japan, but to think that a few weeks of selling marks a bottom borders on wishful thinking. As for your cash on the sidelines theory, this market is getting blood transfusions from AG, there is no cash on the sidelines waiting to come in. I am hoping for an uptick early in the week on renewed false hopes for an escape from this bear. But as the graveyard gets closer, it sure seems like the whistling is getting a lot louder and more shrill. AG will need to cut again next week just to stabilize the market where we are now. The warnings you are looking for will be in the conference calls as companies report. They will follow the APPLE warning syndrome - a small disappointment now and a bigger one announced in the CC for the current quarter. Good luck.

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