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

To: Sarmad Y. Hermiz who wrote (108133)	9/8/2000 9:33:49 PM
From: GST	Read Replies (5) \| Respond to of 164684

Sarmad: You seem to miss the point. More oil CANNOT solve the problem. More refining capacity is needed to solve the problem -- there has been NO NET NEW capacity added for twenty years -- and would take five years to add more now (I do not know of any net-new additions currently in the works). The refining capacity is the issue -- not OPEC. As prices for oil went up this year, refineries waited, and waited and waited for lower prices -- cutting back their refining operations. There is no way now for the refineries to catch up -- NO WAY -- and the longer oil prices stay high the worse this will get. This season it will be home heating AND natural gas AND electricity. Next summer add in gasoline shortages. It is entirely possible that ALL of this will be even worse next year. Forget oil in the ground, none of us can use it until it is refined. Refined energy products will climb in price -- this is the way markets ration things in short supply -- and the shortages are not going to go away in time to save this stock market from the boot to the groin. Good luck.

To: Sarmad Y. Hermiz who wrote (108133)	9/9/2000 1:57:59 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>I bought a bunch of SFAM today at half the recent price. I hope they put more stocks on sale next week Sarmad, SpeedFam-Ipec said it had an unexpected loss. MU is coming down due to an expected chip glut, and even Intel seems to be under selling pressure. Kla-Tencor, the No 1 maker of chip inspection tools is 42 points off its 52 week high. Applied Material the gorilla of all gorilla's is off 35 points. Teradyne, the largest maker of chip testing equipment is off 42 points. Novelus has done the best only shedding off 13 points. I've been through 4 chip cycles in my investing life. I lost a lot of money in the first one...its funny how much you learn from your mistakes...like we both probably did shorting Amazon.com when there wasn't enough shares available for the buyers.;-)