Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.66

+1.6%

3:59 PM EST

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To: Mark Fowler who wrote (60330)	6/4/1999 12:40:00 AM
From: Mike M	Read Replies (1) of 164684

Right now i'll say 50/50 again it can go either way. Lifes a bitch sometimes. Mark- I value your opinion...but... I have been looking at an awful lot of charts the last few days. I have to tell you, I think there is a nasty break out there still to come. Remember when I thought interest rates would climb. I just don't see the rates priced in yet, especially since I expect a surge over 6% (long bond) temporarily. Don't get me wrong. I think the break will be shortlived...Probably over before we get to July. But I see some more internut damage as well as MSFT,DELL, CSCO etc....Those PEs and or market caps are just too high for rising interest rates. I will further predict that after a July - August rally we may see even more weakness into September.... Seems to me, if we don't expect a downturn in the economy, then low PE, and small caps will be in vogue in the new scenario (at least until rates stabilize-which I think they should eventually do since I agree with you philosophically that the rates cannot hold {the world economy is too fragile to sustain rising rates for very long}). After the break, AMZN should have a pretty sharp rally, with short covering, but I don't see new highs possible until next year at the earliest and possibly never for many of the i/nets.

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