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

To: Paul Merriwether who wrote (71802)8/4/1999 2:49:00 PM
From: Bilow  Read Replies (2) | Respond to of 164684
 
INTC sure is on a tear. In fact, as I write, the DOW is up 90 points, while the Naz is down 24 and the internets are way down.

In addition, a lot of the decent fundamental value (old-fashioned fundamental value, that is) are way down. Look at RDRT, WTSLA, for instance.

The suggestion has been made that foreigners are pulling there money out of the US. This may be true, in that the dollar is down, but I thought foreigners mostly invested in the big caps and DOW stuff. But the big guys are doing fine. I think this is a little contradictory, but I don't have an explanation.

-- Carl



To: Paul Merriwether who wrote (71802)8/4/1999 2:55:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
Amazon may be ready for a rebound. The TA is not very strongly pointing toward it but it looks short-term oversold and testing the 90 level. If it bounces, I can't say if it will be a significant rebound or just a blip on the way further down. Market conditions don't seem right for a major rally.


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