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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.12+0.4%Jan 16 9:30 AM EST
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To: Bill Harmond who wrote (36181)1/23/1999 10:40:00 AM
From: dennis michael patterson  Read Replies (2) of 164684
 
Cramer suggests that he is buying Yahoo. But look, the issue is whether the nutz have bottomed, temporarily or otherwise. I said on Weds that a ST bottom was in place. I was right, and I profited from the trades. The bears on this thread were growling the loudest on Weds, in other words, AT the bottom. If you shorted AMZN on Thursday or Friday, you got creamed. I predicted it. It happened. And I am no genius. The stocks were acting better-- you could see it in voulme and price moves. And Bob Pisani talked yesterday about the book on the floor for AOL. Big bidders at prices just below those on instinet. You can sit back and wait for the next leg up. It matters not to me. My only point was that the bears were WRONG, and they were. The time to short these stocks has passed. It does not mean you go long, it only means they are tradeable. I traded them. I made money. You, and others,can as well.
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