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

AMZN 235.01

+0.8%

1:58 PM EST

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To: Olu Emuleomo who wrote (16008)	9/3/1998 7:01:00 PM
From: zax	Read Replies (1) of 164684

I'm short Dell as a correction play. I have the highest regard for the company, but the weekly chart looks extended. Dell is the ultimate market darling, and I think tommorow's split has been keeping technical expectations up. "I agree 100%. I shorted DELL at 114 and covered at 105 3/4. I believe DELL is attempting to form a bearish Head & Shoulders formation. I believe DELL will once again trade up to above 110, at which point I hope to repeat my short. If I am correct, DELL will end up below 90; mabe $83 or so!" ---> Might I suggest to you guys that AOL is a better short candidate than Dell at this time. Order of Toppling (IMO) AMZN->AOL->YHOO->DELL/PFE (and a few other "darlings") Each one in the chain is a leading (eggagerated) indicator of the next. CSCO/LU are questionable but probably rather overvalued as well. I do not, however, believe the chain reaches to MSFT. This company has such proven ablity to long term and completely dominate every market it enters into, IMO though enhancing value and productivity to PC users, that the need of correction does stop before the top of the marketplace. Hence we need not see a total market meltdown for the small cap re-allocation needed to have our economy's healthy long term growth continue, IMO. We just need to get the MOMOS and Hypers out of control of Wall Street. I believe this is what we are seeing happening... much less than the effects of "worldwide economic meltdown effecting the US markets" than has been attributed to the current wall street climate by the media. -- Zax

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