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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Michael Rich who wrote (13548)8/28/1998 7:00:00 PM
From: Jenna  Read Replies (1) of 120523
 
AMZN..Let the dirge begin! The internet have much downside left IMHO. AMZN will be the first to fall. I think the momentum plays have had it and now its the strong stocks with good earnings velocity going forward that will be the next leaders. Perhaps we can see a rally after labor day and some intraday 'dead cat bounce' rallies until then. I would use any rally to further short or buy puts on the internet sector.

AMZN losses have gone from -.01, -.02, -.06, -.08, -.16, -.19, -.22, -.44 These company officials have registered to sell AMZN:

08/18/98 TATE GEOFFREY 326 $27,700 
 08/07/98 SPIEGAL JOEL R 15,000 $2 Mil 
 08/06/98 COVEY JOY D 55,000 $4 Mil 
 08/06/98 ALBERG TOM A 65,000 $5 Mil 
07/14/98 CAMPBELL WILLIAM 30,000 $4 Mil
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