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

AMZN 233.23

+1.8%

Nov 28 12:59 PM EST

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To: Sarmad Y. Hermiz who wrote (40197)	2/15/1999 9:05:00 PM
From: GST	Read Replies (1) of 164684

Sarmad-- what it means is that the odds have shifted against you being short -- not to say that this will help AMZN, but this is definitely an attempt to reduce the impact of the BOJ not playing ball on buying in bonds. If you notice, it is the MOF, not the Bank of Japan taking this action. So I think it is, as I said, damage control, and not a reversal of the BOJ position. The March year end is a factor for other reasons -- not the most important factor. All in all, this does more to muddy the water than to create a clear picture -- bottom line: cover more aggressively to reduce your exposure. For what its worth, the market could now go either way. It is less of a 'sure thing'. There were other reasons for a sharp pullback -- they are still there -- but this was the 200 pound straw on the camels back -- hate to see it being partly removed.

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