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

To: KeepItSimple who wrote (74801)	8/20/1999 1:35:00 PM
From: Chung Lee	Read Replies (2) \| Respond to of 164684

>>Taking the box off all my positions. Now short AOL/EBAY/YHOO/INKT/AMZN. AMZN seems to be on a slow climb, with some short selling into strength no doubt, is it going to collapse in the last hour? DO you have BTC order? (REUTERS) Internets firm as markets focus on rate meeting Internets firm as markets focus on rate meeting By Ian Simpson NEW YORK, Aug 20 (Reuters) - Internet shares firmed Friday as Wall Street focused on a Federal Reserve interest-rate meeting next week. Alex Cheung, portfolio manager at the Monument Internet Fund in Bethesda, Md., said investors were more relaxed about the prospect of higher rates and looking past the U.S. trade shortfall. "Things like that don't last long," he said. Cheung added that data from Media Metrix, an Internet research firm, showing growth in Web retail purchases outpaced an overall rise in use highlighted a shift in Internet use. "What we have been looking for is for Internet users to become Internet buyers," he said. Media Metrix reported that unique visits to shopping sites rose 2 percent to 42.6 million in July. Overall visitor growth was up 0.4 percent to 62.9 million visitors. "We view the continued momentum of online shopping as extremely positive and another indication of a potentially huge online holiday shopping season to come," said Lauren Cooks Levitan, an analyst with BancBoston Robertson Stephens. Keith Benjamin, also a BancBoston Robertson Stephens analyst, said investors wanted to buy Internet shares but had been put off by volatility. He said queries from investors suggested "that we we will see a rush to buy within the next few weeks, just as we saw around last year this time." Influential Merrill Lynch analyst Henry Blodget said the Media Metrix data showed that America Online Inc. <AOL.N> kept the top spot in terms of visits. Even so, AOL was "still weak" in terms of pages viewed and time spent at sites, he wrote. AOL was well below portal Yahoo! YHOO and Microsoft in those categories. AOL was off 1-1/16 at 94-13/16 and was the most active share on the New York Stock Exchange. Yahoo! rose 1-5/8 to 140-3/4.