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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Jeff Olson who wrote (3284)	4/23/1998 9:15:00 PM
From: Jeff Olson	Read Replies (4) of 164684

The greatest chance yet to buy the internet stocks on sale. Did you miss the recent run-up in internet stocks because you listened to the shorts? NOW is your last chance to buy them cheap. SEEK showed an increase of 131% in 1st Qtr revenue (I predicted SEEK would show good earnings in post 3284)! The Street is going to go wild tomorrow driving these stocks up as they will when AMZN reports earnings next Tues (4/28/98). If you listened to the shorts when they said "sale AMZN at 60" then you know how wrong they can be. Money is gushing into the stock market via 401K plans and Mutual Funds with no place to go except those stocks that Wall Street can't fairly price like the internet stocks. Perception is everything on Wall Street and regardless of this minor downturn, the perception now (via SEEK and other internet stock earnings) is that earnings are increasing exponentially. Gush, Gush, Gush. That's the sound of money flowing into the Stock Market with no place to go except those stocks with unlimited potential like AMZN.

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