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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.31+2.3%3:07 PM EST
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To: Jan Crawley who wrote (11924)7/28/1998 12:19:00 PM
From: Rob S.  Read Replies (2) of 164684
 
I think you jumped a bit too early. I expect a bit more selling before a day rally. selling calls against INTC makes sense. They said that sales and earnings would not be likely to impress this quarter. Their margins will go down some more but they are ahead of plan on new products. Intel should be a good long-term hold.

Trading AMZN short-term probably makes more sense than waiting for the market to finally discount their perfect future.
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