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

AMZN 230.06

+0.9%

2:27 PM EST

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To: Bill Harmond who wrote (22046)	10/17/1998 7:40:00 AM
From: llamaphlegm	Read Replies (1) of 164684

william: i doubt you or anyone else can define "THE message of the market" esp in a stock with low float on option expiration day, so dispense with the self righteous tone, my friend. from tmf excerpt from barrons ... more confusion as barrons lists amzn's earnings release as this friday oct 23rd ... Bob Smith is keeping the teeth-gnashing to a minimum these days. Even though growth stocks continue to take a drubbing, he's surprisingly relaxed about his T. Rowe Price Growth Stock fund portfolio. At a breakfast meeting last week, Smith was mildly nervous about a coming exam for U.K. fund managers (he runs money for British as well as American investors), but unruffled by the current state of the market. Why so calm? Smith -- who considers himself a growth-at-a-reasonable-price manager -- has never chased highflying Internet stocks like Amazon.com. By avoiding these land mines he's managed to stay better than the average fund in his peer group this year.

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