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

To: Robert Rose who wrote (110835)	10/19/2000 3:20:21 PM
From: Danny	Read Replies (1) \| Respond to of 164684

<<Still thinking a bull market from here would be too easy>> Rob, dont wait for too long though. I agree with William that money is not leaving the equity market. Just look back the past week, where we have huge amount of trading volumes, the tech sector comes up and down, but each time it touches 3050 level, big wave of buying comes in and life the index faster than I type this message here. Everywhere I look at today's ticker, both in my own portfolio and some of my track list, I see a huge amount of double-digit percentage gainers, and with some 20-30% gainer all over the place. People are buying, not just today, but for the past several days.

To: Robert Rose who wrote (110835)	10/19/2000 3:45:52 PM
From: Danny	Read Replies (1) \| Respond to of 164684

BTW, the reason I said people are buying can be illustarted by this simple fact: Around 2 weeks ago, I help one of my rich friends to setup an a portfolio so that he can manage part of his own money for fun as I told him that I believe the market is near the bottom. Our strategy is quite simple, we picked 10 tech stocks that we believe are both great and undervalued. We then used 1/3 of on the first day to establish the entry positions on these 10 stocks. We kept adding into the positions if the stock drops around 10-20%. (The reason we have different range is for stocks like INTC, we want to do 10% rule, but for AKAM, we want to do 20 rule) As of yesterday morning, we invested about 85% of the cash. As I am typing right now, this new protfolio has gone up about 18% already. I think lots of people are doing this kind of accumulation too:)