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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.10+2.5%Nov 24 3:59 PM EST

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To: Judy who wrote (40709)2/17/1999 8:16:00 PM
From: Bill Harmond  Read Replies (2) of 164684
 
Bonds have held at their 200-day, and it's usually a good idea to buy quality growth when there's alot of selling.

I coulda woulda shoulda kept my Yahoo puts a couple weeks ago and not bought back in. Since I did, I'm not going to try to figure this decline out. I'm in it and adding on weakness. To sell and rebuy would require me to be very right twice in relatively compressed circumstances.

It's best just to roll at this point. I think these are the best picks going. Who would have known about the eBay story today, for example? The world isn't ending.

When the market hits Cisco and Microsoft we're near the point of reckoning. Being confident here requires belief in the sustainability of the infotech sector's growth and the stability of the economy. I don't have doubts about either.

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