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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.76+2.5%3:59 PM EST
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To: David Smith who wrote (47543)3/26/1999 5:41:00 PM
From: Rob S.  Read Replies (1) of 164684
 
Something to watch . . . the market has been very nervous since it tried to scale 10,000. The blue chip and Internet stocks have gone up while most secondary stocks have not. The broader indexes are well behind. But more recently the breath of the market has improved and today the Russell 2000 and other broad indexes were up fractionally even though the DOW and NASDAQ were down a bit. This could be just a modest correction of the divergence or it could signal a better trend for small and mid-cap issues. The fact that this is happening at a time when people often scramble for the "safety" of the blue chips and market leaders makes me believe that there is a broad perception that those "safe harbors" are not as safe as the undervalued stocks that have not participated in the meteoric rise.
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