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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (40443)	2/16/1999 6:21:00 PM
From: GST	Read Replies (1) of 164684

Sarmad--this is giving me a headache -- Japan has, collectively about $10 trillion dollars invested in various markets. They need some of it in Japan right now and are selling US securities and dollars. Last night they said, maybe we will sell less and go a little slower, so the $ rebounded and our market 'rallied' cause it was being told to expect less selling than previously anticipated. But there is still selling -- and the selling is spilling over as more 'news' hits the market. Last week I said every day will bring a new reason to sell -- it is a downtrend, and people are waking up to that now -- tomorrow they will begin the painful process of all trying to leave together.

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