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

AMZN 226.10

+2.5%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (6087)	6/15/1998 5:16:00 PM
From: Mark Myword	Read Replies (1) of 164684

>> I need to sit back, keep paying the margin calls and then eventually collect my profit. I just do not know how long it will take. I am as frustrated as anyone<<< Glenn , Felicia , & all: One consolation is this - whenever a sector which is 1) highly , highly speculative and 2) based mostly on a concept or dream (no profits necessary) , and the greater fool theory , and that sector divorces itself from the rest of the market and becomes a fad , you can be certain that it signals a market top. History is full of such examples, and the rockets always crash into the ground eventually. OTOH , the price of tulips got pretty ridiculous. I think today's action , with the plummet straight down at the end. is a clear sign that money is bailing this market bigtime. The dipsters better have steel cajones if they're gonna come wading in to this minefield.

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