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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%3:59 PM EST

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To: Robert Rose who wrote (59690)6/2/1999 10:54:00 AM
From: Rob S.  Read Replies (1) of 164684
 
Robert and James, the nets are getting close to being short-term oversold but I am still bearish on the sector. I think it still has about 20% downside to go by mid summer. So why should I try to fight the short-term current? I only have one small cap "net" stock now - FLYR. I own it because I think it is undervalued and earnings will move it up. If it catches on as an Internet play, all the better.

If I were looking to buy now for a rebound, I would probably pick some of the leaders like Amazon and Yahoo. Amazon will probably bounce up off of the lows today. I told an associate about 30 minutes ago that 97 would be a good buy point for AMZN. So far I have missed that mark and my guess is the order would not have been executed by the end of the day.
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