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

AMZN 230.53

+0.4%

12:42 PM EST

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To: Sarmad Y. Hermiz who wrote (39668)	2/12/1999 2:19:00 AM
From: GST	Read Replies (1) of 164684

OK Sarmad, I kept an eye out for news -- but so far all I see are headlines about a sharp fall in Japanese bonds, which I take to mean a rise in yields, which I take to mean that the Japanese did what they do best in these situations -- nothing -- which I take to mean that we can expect more liquidation of Japanese positions in US markets -- which I take to mean a down market (although globex is just a bit off as I write this, so there is little indication yet of a sell-off). Conclusion? I still expect to see AMZN moving down along with the rest of the market, for the next week or more. I expect US bond yields to rise modestly, creating some asset allocations from stocks to bonds in the US. A re-established down move could take us down as far as you care to guess -- to the 200 day ma. To get there in a week??? -- we will see. By the way, I saw that you referenced the Japanese stock market -- I did not expect a big reaction in the Nikkei because they had priced in a no decision environment already.

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