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

To: Jan Crawley who wrote (64758)	6/26/1999 4:03:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

Jan, in a decline of 50%, fundamentals are the only reason to be buying or holding a stock. There are no technical reasons. Amazon is selling over 100 for fundamental reasons. Technical momentum players are out. Fundamental momentum players are left.

To: Jan Crawley who wrote (64758)	6/26/1999 7:02:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

Jan -- IMO this could be a bear market for the nets. In a bear, the rallies provide false hope of a big recovery, then the rallies fail and you see renewed selling, only to have false hope rise again as the stocks seem to rally and bit from lower levels, followed by more selling -- and so on. I love the way William and others use the term 'correction' to describe what is happening to the net stocks -- it is only a correction if the stocks are still in an uptrend -- an unproven and questionable assumption at this stage of the game. The evidence at the moment is at least as supportive of the proposition that this is now a bear market in a stock that has made a double top.