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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (42967)2/27/1999 8:32:00 PM
From: GST  Read Replies (3) of 164684
 
Sarmad -- I admit, I am hesitating to pull the trigger. Bonds rebounded on Friday because they reversed on a false signal of Japanese selling the day before -- but the box maker warning hit the market. So what's next? I still think we could get a counter-trend rally here. We did a bit on Friday, except for the carnage due to worries over box makers. On that score we could see short covering early in the week, and the nets could dance along with a brief rally. I am inclined to wait till later in the week -- maybe Thursday, and then buy puts that are about 20 dollars or more out of the money. I am thinking of both AMZN and YHOO this time. BTW, I will watch the value of the yen. Any significant strengthening in the yen and I will expect the bond market to sell off and take the stock market down in a hurry.
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