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

AMZN 232.91

-0.8%

3:59 PM EST

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To: Bill Harmond who wrote (38842)	2/8/1999 8:34:00 PM
From: Benkea	Read Replies (1) of 164684

William: "Ralph is a technician, a trend follower, not a fundamentalist. His call makes sense, total sense if long rates go much higher, but fundamentally business is booming." Ralph is a movie star wanna be - not a technician. Any a-hole could have come out today with a "market will correct 5 to 10% from its' high" prognostication AFTER the market HAD ALREADY CORRECTED 5%. This guy called the October bottom perfectfully, only he did it as a CONTRARIAN indicator! His call about the relationship of stocks and long rates is just about as thoughtful as telling you to apply pressure to the BRAKE pedal to stop your car. Now this MAY be enlightening if you are a two year old, but most people who drive cars have already figured this out!

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