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

AMZN 220.66

+1.6%

Nov 21 3:59 PM EST

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To: Captain Leap who wrote (57345)	5/19/1999 7:38:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

CL, >> what are you looking to buy once the scare subsides? I am 30% in cash I have also about 40% cash. mainly from selling into the recent rallies. I plan to buy some cyclicals like Deere and Federal Mogul which have dropped lately. I also wish to buy into oil drilling like Diamond Offshore and Tidewater, if they drop in price. Also chip stocks like ATML. But for most of the buying I will wait for another month or two because I feel sure the Fed will raise rates, and the initial reaction to that will be strong and negative. As everyone says, market timing is very difficult. I have in the past squandered large gains by buying too soon only to see the new stocks drop 50%. I mean I have bought stocks that were 30% off their highs, and then they dropped another 50%. So this time I will wait longer. And if that means passing up opportunities, I accept that.

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