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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: donald sew who wrote (2066)	12/16/1998 1:58:00 PM
From: BubbaFred	Read Replies (1) of 99985

Amazing is correct. Stratospheric highs despite insiders sales. I look forward to your finding on the extent and duration of tulip bubble mania type events. I think they can last near a year before an initial a 33%-50% drop, followed by a retest or beyond previous high, before a total collapse. AMZN at 300 or 400, that's its potential valuation with best prospects looking 5 to 10 years from now, assuming they will and can dominate the book retail and gift shop industry. At least I have one good point to say about AMZN. Their number 1 strength is service and expedience. I bought a book that Barnes&Noble did not have, and AMZN shipped the book within 2 days and I got it in 4 days of order. I also returned a book and within a week, my credit card was credited for the amount. I do not have anything good to say about other internet companies.

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