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

To: Danny who wrote (116204)	1/25/2001 5:37:21 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Danny, unless you want to become a billionaire I wouldn't short either. Guess what I've been buying this week? Wall street won't let Amazon.com or a utility fail. >Utility stocks flexed their muscles with smashing gains in California's two troubled utilities: Edison International (EIX: news, msgs), up 35.3 percent, and PG&E Corp. (PCG: news, msgs), up 30.8 percent. Merrill Lynch was the catalyst behind the buying, raising ratings on both companies to a "near-term accumulate" from a "near-term neutral." Merrill said it believes the chances of constructive legislation passing to stabilize the power market and aid the utilities has gone up significantly and the that the risk of bankruptcy - which is still real - has dropped accordingly. See full story. The Philly Utilities Index ($UTY: news, msgs), which contained both stocks, advanced 2.0 percent.