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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (41181)	2/19/1999 2:59:00 PM
From: Bill Harmond	Read Replies (3) of 164684

>>Could this be different ? sure, but the trend is down. Depends on your perspective. I view this as a consolidation in a long-term uptrend. Industry growth argues for such. >>all the buying today is small lots. Institutions often buy in small lots too, especially when they're spreading the business around. I wouldn't read too much into lot size. >>Today's rally is associated with strong NASDAQ. so were the previous 2. Without funds buying the stock to keep, this effect fizzles, too. Remember, this rally is happening in spite of margin restrictions at a number of brokers. This is real money. The NASDAQ can't be up without it's components rallying...this is broad. Sure it can fizzle. Barron's is loaded this weekend. We could retest...any number of scenarios. I find it's best not to write scripts for the market. They're usually influenced by recent history, and the market rarely complies. >>the supply of i-nuts is increasing. How much crazy money is there to spread around anyway ? Not the quality names.

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