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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (62700)	6/15/1999 4:52:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

Sarmad -- I don't blame you, I thought about buying MSFT all day long. My general assessment revolves around the pricing of the market as a whole and who will feel the most pain. High PSs (the earningless wonders that trade on multiples of sales) will take it in the teeth -- as we have seen. High PEs are next. But the whole market is over-valued and it will come down. The 'rotation' is an attempt to find a place to hide -- a difficult thing to do, but not impossible. H James does well at this by 'following the elephants'. More and more people will opt for cash as the market moves down.