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

AMZN 217.26

-2.4%

3:55 PM EST

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To: Sarmad Y. Hermiz who wrote (58650)	5/26/1999 1:50:00 PM
From: Rob S.	Read Replies (2) of 164684

I don't think there will a strong July rally. It will be more a technical bounce than a reversal of the down trend and rotation out of the high flyers and tech sector. Negative money flow is still percolating through. The tech will remain under pressure through the early part of summer. Demand is fair to good but core products, such as memories, processors, drives, pcs, and even routers are seeing continued price erosion (normal for this time of the year and business/products cycle). By mid summer, attention will be focused more on fall-Christmas sales and with Microsoft expected to roll out Windows 2000, MS Office 2000 will be getting into full swing and Y2K spending will be behind most companies MS budgets - all that will help propel a new product and seasonal business cycle that will help out the tech stocks. The internuts will benefit from expectations for robust Christmas sales so investors can again ignore mundane things such as profits and competitive entry and pricing pressures. I agree that the seasonally favorable June 26th to July 7th period should see a move up. The techs should rebound a bit in during the next week or so but the trend is still negative. These are just educated guesses of course - I don't have a perfect crystal ball like the anals who live and work on Wallstreet..

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