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

To: GST who wrote (108125)	9/8/2000 9:14:12 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> Not a pretty day to be long -- yes??? Breaking 4,000 might not have great technical significance -- but seeing the number 3xxx makes 3,000 seem a lot more likely. << GST, please relax. You're scaring all the customers. Or worse yet, William might come back to this thread to rebut the gloom and doom prognostications. Since this market is just a joke, anyway, I will throw this thought out for those who might want to dump and run. The stock market averages in general, and tech stocks in particular went up from 1998 through 1999 while oil was going up from under $15/brl to $25+. And they are still an order of magnitude higher now, even though oil is above $33. If you are giving a lot of weight to tight heating oil supplies, remember this is a one-season factor. Anyone who wants to be assured of supplies next year will just sign a long term contract. If the western economies want reasonable oil supplies, OPEC countries will be happy to sign 10 year agreements at $25/brl. And everyone agrees $25 is good for all parties. Furthermore, if this global warming is for real, winter will be mild again, and we'll have a glut of heating oil come spring. But we might be seeing a "buying opportunity" if this oil hysteria takes hold here as it did in France. I bought a bunch of SFAM today at half the recent price. I hope they put more stocks on sale next week. Cheers.