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


To: GST who wrote (79423)10/3/1999 1:43:00 AM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>You don't like it when I am right

That's a great call and I don't want you to think for one minute that I would even THINK you shouldn't savor that fleeting drop of water as you suffer through your otherwise technical hell. I'm happy for you and the goldbugs.

I'm talking about your market calls. Do you want me to point them out? Mid June? Early August? eBay at 70, Amazon at 37, etc?? :)




To: GST who wrote (79423)10/3/1999 2:01:00 AM
From: dbblg  Respond to of 164684
 
GST,

I have to confess I don't understand why you are so convinced we'll get a crash. Even if you are right about where the averages end up, what's to prevent them from grinding slowly lower? (Incidentally, while I think the bull market psychology could handle a crash, I think a series of bottoms that fail to hold would fundamentally alter psychology for the first time in this decade. )

JFTR, I'm not terribly bullish here, but am 80% invested, all on the long side. (I will enter some shorts, such as UBID and selected financials, in the next rally, if it materializes.) I guess I keep thinking about 1994, when a lot of excess got wrung out of the market, but players who were careful about leverage and attentive to the underlying causes of the deterioration were able to make nice gains in stocks like ASND.

Best,
Ganesh