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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: Bill Harmond who wrote (31847)12/30/1998 6:07:00 PM
From: Robert Leverton  Read Replies (1) of 164684
 
<<Imagine all the "newbie" shorts who piled in today.>>

I'm not a newbie, but I definitely piled on with AMZN shorts today. When share holders who have made incredible gains over the previous year choose to sell now and incur a huge tax liability this year instead of waiting 2 trading days before having the luxury of deferring for a full year. This spells FEAR. Short sellers love the scent of fear.

I have nothing against anyone holding internet stocks, quite the reverse, I admire those who have made money in this huge run-up. But now is the time where those with skill are separated from the lucky. I'll hold off on the placards you typically see on this thread warning of impending doom and let the next two weeks speak.

Best of luck to all.
Bob
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