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

AMZN 233.23

+1.8%

Nov 28 12:59 PM EST

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To: majormember who wrote (23672)	10/29/1998 10:54:00 AM
From: RFF	Read Replies (1) of 164684

The overall mkt will be held up until the end of Oct because that is the end of the mutual fund year. The managers need to pump up returns as much as possible before they close the books for the year and have their performance rated - and consequently their pay determined. Once they stop pouring money into the market to inflate this rebound, we should see a decent amount of profit taking from this latest 1000 point Dow rally and 20%+ bounce in the Nasdaq. I think we'll see a decent exit from AMZN as well. It will show up on their year end statements and they will look like they have played the latest internet craze, but the buy side analysts will see through all the smoke screens AMZN mgmt puts out and all the crap that those sell side analysts try to shovel. When they stop buying and actually start selling it should get interesting. Just my opinion though. Bob

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