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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: Randy Ellingson who wrote (34534)	1/12/1999 6:21:00 PM
From: JC Reddy	Read Replies (2) of 164684

No, I am not. Never been short on anything, but I won't mind shorting the heck out of the E-commerce crap right now. 1999 will be the year of realization and truth. Bubbles don't last very long. I do respect AMZN and will probably buy it at $30 or so. EBAY will probably be valued at $5 because it has no growth left in it. It's more like a toy stock. AOL will be a king, but will still come down a bit. YHOO will pullback significantly, but will remain to be a big portal. Companies like CSCO and LU will do well, but will take a 25-40% pullback in their P/E ratios. Rate increase by Fed might really kill these stocks.

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