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

To: jbr29 who wrote (96946)	3/20/2000 6:42:00 PM
From: jbr29	Respond to of 164684

From another discussion group..... Technical Tidbits Posted By: John G. dexgard@aol.com Date: Sunday, 3/19/0, at 8:34 p.m. 03/19/00 Let's deal with the NDX first. 1. This end of month could turn into open warfare. Remember that professional fund managers hate each other. Especially deep are the jealosies and hatreds between the momentum managers and the rest. What is happening is that the momentum concentration managers" ( those who invest in a very few high momentum stocks ) such as Janus funds and others have become hopelessly trapped in losers like AMZN, of which Janus owns 10%. Janus and the the other momementum concentrators have no choice but to defend AMZN buy purcasing more, they cannot possibly sell without cratering their relative performance. 2. Problem is, the non-concentrators, who have broadly diversified holdings of momentum stocks know this. From the tape action described below, it looks like they are beginning to sense a source of ready cash and an opportunity to sink their hated rivals by selling to the concentrators. Look for wild action at the end of the month.

To: jbr29 who wrote (96946)	3/20/2000 6:53:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 164684

The Barron's story was ill conceived and misleading. I know of two companies to have responded, VerticalNet and Intraware. In VerticalNet's case Barron's story was wrong by a factor of 24. The story and sidebar said VerticalNet would run out of cash my May, 2000, two months from now. The CFO said on CNBC this evening that there are cash and securities on hand to finance the company at its current loss rate until 2004, but that they expect profitability by 2001. Remember the "Amazon.bomb" story on Barron's cover a while ago? Even after this correction Amazon is higher than when that story was published. The financial press is populated by story-writers, not financial analysts or company insiders.

To: jbr29 who wrote (96946)	3/20/2000 10:12:00 PM
From: Goldbug Guru	Respond to of 164684

Barrons always trash amazon. $60.00 seems like a good support.