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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.06+0.4%Jan 16 3:59 PM EST

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To: Jan Crawley who wrote (26140)11/16/1998 1:47:00 AM
From: OtherChap  Read Replies (4) of 164684
 
Tomorrow should be interesting. First I recommend everyone watch AVCO (with real time quotes if possible) because tomorrow is going to be absolutely amazing. This stock is expected to go from 35 back to 2 or 3 within the first few minutes of trading.

As for the overall market, looks like the asian markets are having another rally, and the s&p futures are up 7 last time I looked. If the internut stocks show major weakness in this environment, I will take it as a good thing. :)

I believe my greatest insight into this stock was that a majority of the action is small time players, not vinik or mary or anyone else- they are just manipulating the small retail investors like crazy with well timed recommendations.. The fact that this "pool" of small retail internut speculators isnt large enough to chase ebay AND amazon at the same time was pointed out by fridays record-low-volume AMZN session. (well, at least going back to june).

The major question is whether or not the increasing supply of attractive internut stocks will eventually become too large to be supported by this small base of investors. Are the institutional investors going to step up to the plate and buy these stocks at their all-time highs? I doubt it- they've already got positions down in the 40's on AMZN/YHOO/AOL..

Fed rate cut on tuesday is a given. Greenspan knows he is just a puppet for the markets, and he's going to do what they are telling him to.

I can't even begin to guess short term AMZN this week, but I think after expiration friday next week will be ugly for longs.
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