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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Jay Rommel who wrote (18391)	9/25/1998 10:00:00 AM
From: Jay8088	Read Replies (2) of 164684

I don't mean today... a few days later!! If August is our guide, net stocks like AOL, YHOO, and even AMZN could defy gravity while the rest of the market weaken and fall away. But at some point, as we have seen at the very end of August, the psychology turns and these stocks crack. At such time, bid disappears and these stocks can crater 10-20 points a day - exact reverse of short covering panic we have seen few days ago. From my Elliott Wave reading, I believe we have started a new and more powerful stage of this ongoing bear market yesterday. I think these net stocks would collapse eventually - before the end of October. CAVIAR: As an unhedged October put holder, I am very bearish on the market and especially on net stocks...So there is some personal incentive to be a panic monger here ;)........ Just don't forget, I could be WRONG!!!!!!!!!!!!! Still a bear in trauma ICU, (but this is NOT my near death experience!!)

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