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

AMZN 250.24

+0.3%

Nov 5 3:59 PM EST

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To: Kevin Podsiadlik who wrote (114749)	1/8/2001 3:11:48 PM
From: craig crawford	Read Replies (2) of 164684

Not my fault you bought after the first cut and had to pay up. The market rarely rewards you for buying after the news. If you bought stocks earlier at better prices you would be better off. >> Fact is, the market is not reacting anything like it did in October 98, NOT EVEN CLOSE. << Actually the market rallied in '98 ahead of the first cut, then sold off to new lows until Greenspan cut a second time. Only after he cut a second time did the market explode and it never looked back. That is probably the basis for Victor's argument that you buy the second ease. There is an article on this very argument here The Daily Chartist: History Points To a Second-Easing Rally By Helene Meisler Special to TheStreet.com 1/8/01 8:31 AM ET thestreet.com >> So your definition of "uptrend" is "not right at the 52-week low"?? << Well we closed at 2291.86 January 2nd and we are higher now so is that not an uptrend since Jan 2nd? We hit 2251 intraday on the next day, and we are higher than that now right? So since 1/2-1/3 we are still in an uptrend. The broad tech market has been in an uptrend since 12/20 and the NYSE even longer than that.

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