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

To: GST who wrote (135275)	11/29/2001 5:40:09 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

GST, the upside of auto makers "borrowing" from next year's sales is that they aren't laying massive numbers of people off right now. Durable goods orders imply that manufacturing layoffs may be behind us, but one month does not a trend make, so that may not be a fair conclusion. As for the market, I agree that many stocks are still pricey. "Owning them right in here" looks dangerous if by "them" you mean the same old new economy and momo names that certain people we know are eagerly jumping back into. Look around for value and I think you'll be OK. Even better, look for value plays that may still see some tax selling. BTW, tax selling could still kill the rally in some of these big names. Sure, some people took their hits last December, but many bought right back in in January. AMZN, for example, is still well below where it spent most of January (not to mention April, May and July). Those people are still looking at short-term losses and could decide to take them. Same goes for CSCO, JDSU, YHOO and many others. Bob