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

AMZN 231.35

+0.1%

Jan 21 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (119910)	3/9/2001 9:42:01 PM
From: Skeeter Bug	Read Replies (1) of 164684

>>But many stocks have already been crushed. << is down 50% crushed? does that stop a company from falling 90%? lnux was crushed when it was 60% down. it is now 99% off it's 18 month high. your argument that stocks are already crushed is meaningless w/o more information. i'd argue fundamental prospects have fallen at least as much as stock prices. sure, pc stocks will bottom. when? pc unit sales is a good indicator. when unit sales drop then everyone slashes prices and profits to maintain share. let's say dell breaks even over the next 12 months. is dell cheap? could it trade down another 60-70%? go ahead an bet that this massive slowing is "seasonal," "business as usual" or a "one time event." bet that msft's eps slowing that has lasted several years turns around this q and in this environment. bad news is coming and we haven't seen anything yet, imho.

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