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

To: GST who wrote (87312)	12/13/1999 10:19:00 PM
From: Tradegod	Read Replies (1) \| Respond to of 164684

I'm nibbling on puts myself. Bought them on SUNW Friday and today, and the QQQ's this morning. (their strength is unbelievable). Im probably early as I tend to be. Will stay close by the trigger. I wouldn't be surprised to see a bullish CPI report actually result in a market decline. I think traders may sell a strong opening tomorrow. It's not enough to consolidate this crazy naz, we're jumping 30+ points a day. Record high after record high. When it will end is anyone's guess. Just got to be ready for a little. The Naz last October 8 bottomed at 1350, we're now at 3650 in 14 months. The mindless speculative buying of YHOO last week prior to it's S&P inclusion was only exceeded by it's return to the 350 level Friday and today. Watch SLR tomorrow for an example of how a blue chip momentum stock trading near it's all time high with an 80+ PE can get clipped.