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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.60+1.5%3:59 PM EST
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To: fedhead who wrote (20825)10/8/1998 6:09:00 PM
From: craig crawford  Read Replies (3) of 164684
 
C$CO was down like 11 days in a row. It was due for a bounce. I agreed with you this morning, I thought DELL and C$CO and some others were overdone. Too bad I didn't stick with it, there goes $20,000 out the window.

The part that bothers me though, is the fact that DELL and C$CO and a few others came back, but many others got even worse. That's not how bottoms are formed, where you are making record new lows. Sure the generals are always the first to get the money, but usually the rest of the market at least stops going down. It shouldn't get worse. Look at the small stocks, creamed again. That just tells me that people were buying DELL and C$CO for a bounce because people are taught to buy stocks like that down 10 points.

Anyway I just care about AMZN anyway, DELL can go up all it wants.
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