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

AMZN 231.50

+1.6%

11:49 AM EST

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To: Sarmad Y. Hermiz who wrote (55115)	5/4/1999 6:42:00 PM
From: Miche Elle	Read Replies (2) of 164684

at 2:00 the bond market closes, that is why you've been seeing accelerated selling thereafter. for direction viz the market (and that includes AMZN) listen to the bond market for the next 2 weeks....as well as the rhetoric that will circulate over the upward pressure on interest rates and speculation over what the Fed may or may not do at the upcoming FOMC meeting. this is no surprise, the yellow flag has been waving from the bond market for several weeks now. there will be technical rebounds, inevitably. today's earlier strength in AMZN was just that....a technical rebound....and no more, clearly. for the record, i remain short.

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