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

AMZN 232.49

+0.2%

Dec 30 3:59 PM EST

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To: Ron Kline who wrote (995)	12/13/1997 10:13:00 AM
From: Oeconomicus	Read Replies (1) of 164684

Keep the faith Ron. Manaus wasn't burned in a day. Remember, it went from $66 to $45 (a 32% decline) in two weeks. And that was after setting its high after the "October Market Event". It'll get there, but probably not in a straight line. When E*Trade fell from grace, it bounced a lot, rallied enough to keep the longs' hopes up, pretended to find support only to break through it, and had analysts saying buy all the way down from $47 to $20. And that's a company that actually makes money. Sit tight and don't let them squeeze you out (Assuming you are short. If you are just an amazed, disbelieving former long, don't be tempted by its apparent strength. You are missing nothing.). Bob

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