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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Bill Harmond who wrote (56862)	5/15/1999 9:58:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

William, >> I think this is wishful thinking Sarmad. Yahoo's news is always good, as is its exceptional financial performance. << For sure it is not wishful thinking. I covered my yhoo short at 155. My wish is for yhoo to go back over 200 so a short would be a sure thing. On Friday traders were buying yhoo in anticipation of split announcement. How do I know ? Last week when amzn dclk vert etc... dropped, yhoo dropped to 145 with them. This week they dropped, but yhoo had a last minute surge to 160, even though the rest stayed near the day's low. You might say the reason is Yahoo has profits and high margins. Fine. It had exactly the same profits and margins last week also. So why today and not last week ? The difference is the board meeting that some hoped would announce a split. So now if no split, then no reason for yhoo to be 30 pts above amzn. usually their price is very close. So either amzn goes up or yhoo down. My guess is yhoo will drop.

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