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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: fedhead who wrote (20825)	10/8/1998 8:26:00 PM
From: Bill Harmond	Read Replies (1) of 164684

Anindo, I'd be careful. I don't think this is over by a long shot. Could be in price with some of these issues, but not in time. The market is marking-up risk. That premium won't disappear easily. I remember the tech blood-letting in 1994. Morgan's strategists Biggs/Wien said that there was no hurry to reinvest...and the market unwound and consolidated for 8 months. From my disconnected travelling point of view, I think this is no time to be taking long-term risk. I wasn't around for trading today so I didn't get a sense of the reversal many here felt. Bear markets have a way of preserving hope while separating you from your money...

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