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

To: Victor Lazlo who wrote (90366)	1/8/2000 3:42:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

I didn't get any professional gudance in this decision. The MSH had a two-leg extended rally from the October, 1998, low, and valuations if the mainstream technology leadership like Sun, Cisco and others are richer than I can remember. Then 1) I saw Amazon, AOL and some tier-two names weakening during the latter part of December and unable to rally above their short-term moving averages; 2) Monday morning looked like a blowoff; and 3) the long-bond yield spiked above 6.5%, which has been the consensus upside limit.