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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: stsimon who wrote (28812)	12/3/1998 4:34:00 PM
From: OtherChap	Read Replies (1) of 164684

>And the longs will be partial to jumping out of windows when the >AMZNs of the world one day close at 200 and open the next morning at >40... Evolution in action, I say. The _only_ thing that will return some sort of sanity back to this sector of the market is for exactly that to happen. As long as the gravy train was rolling, it just further reinforced investor greed. We've still got 50 points on the downside before some of these investors get scared- they've been sitting on huge profits trying to hold out until the first of january to avoid paying cap gains taxes immediately. Since the retail investor is mainly resposible for this runup, they'll be responsible for the run-down.. And I'll wager the drop will be MUCH faster than the rise. A gap down 50 point day would do a lot to fix the current situation.

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