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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: H James Morris who wrote (128196)	7/12/2001 3:00:25 PM
From: craig crawford	Read Replies (1) of 164684

>> Watch, for the next month optical metro will be back in favor. << bahh, no it won't. it was simply oversold and everyone was too negative the last few days. cien got two downgrades yesterday after being down several days in a row. one even lowered the price target to below where cien was trading. we are at the lower end of the range so it was time for a short covering rally. we are simply in a range, while the fundamentals slowly deteriorate. the real fun won't happen until we approach the fall. you might as well just buy when negativity gets too thick and sell 'em when people like william and mark are saying things like, "it's o-v-e-r!" p.s. did you notice that in january the bulls were all lathered up (including me cuz i was bettin on a rally) when the nasdaq bounced from 2200 to 2800? then in april they got all lathered up when the naz bounced from 1600 to 2300. now the bulls get all excited when the naz bounces from 1900 to 2100. are you sensing a pattern here?

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