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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%12:59 PM EST
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To: GST who wrote (122228)3/31/2001 9:35:50 AM
From: re3  Read Replies (2) of 164684
 
i think i read somewhere around these boards that a factor which will dampen prices of stocks, particularly high tech, is the layoffs...when severance packages get used up, people will look at what they've still got, the few hundred shares of nt or whatever they've been hanging on to hoping for a rebound might need to be sold to put food on the table.

a lot of these people were maintaining lifestyles that need $ 100k or more...i was in school with one woman who told me hubbie works for one of the big pc makers and 'has lots of stock', if heaven forbid he's lost his job lately, with 4 kids, a minivan, a mortgage, etcetera, he can't keep that 'lots of stock' around...the stock will have to be sold...and even if he wants to try to hang on, i'd figure the wife would insist on it.
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