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

AMZN 237.58

-2.7%

3:59 PM EST

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To: mogwai8myball who wrote (50055)	4/13/1999 9:40:00 AM
From: Olu Emuleomo	Read Replies (1) of 164684

>>>However, please elaborate on why you think the next few days/weeks are an especially precarious time for the Nets.<<< Simple. Almost every iNET chart I look at these days is extended. Obviously, this cant continue for much longer; in fact I doubt if it can continue for 2 more weeks. Look at RNWK, CMGI, AMTD even SCH. They are more than 50% above their 20day moving avgs, not to talk of 50day avgs. It's too obvious. I am almost out of all my NETS except NDB,AOL, YHOO and SCH, and even in those i have scaled back significantly. My strategy now is to place buy-stops on some names that I feel will blow-off soon...so as to ride them for those last few points....if those points materialize. Again, i say beware. What goes up fast, comes down fast! :-)) --Olu E. (Actually, i just sold Schwab at 149. Ridiculous!)

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