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

AMZN 232.50

+0.1%

Dec 26 3:59 PM EST

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To: Skeeter Bug who wrote (17418)	9/17/1998 1:32:00 AM
From: Jay8088	Read Replies (2) of 164684

William Hammond was right? Ever since William Hammond had been driven out by AMZN shorters, discussion here has become monotonously negative. Having been convinced of the negative thesis, we are reduced to checking real time quotes. Strangely it is a mirror of DELL thread. (DELL is overwhelmingly long as AMZN is overwhelmingly short.) Yet today, we have a strong rally on internet stocks. YHOO almost looks like it may challenge the high. AMZN could continue to strengthen. Sure it could be option related short squeeze- and I hope so. Yet it is disconcerting when so many on this thread expected a breakdown any day. I almost get a feeling that short squeeze / momentum rally could continue unless there is another market panic. Anyhow for now it looks like William Hammond was right to be bullish on AMZN. I think it is important to cultivate opposing views and be careful not to gang up on dissenters. I certainly hope William Hammond would come back to this thread after attending Montgomery conference.

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