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

To: Oeconomicus who wrote (1956)	3/4/1998 8:01:00 PM
From: zTrader_77	Respond to of 164684

The Amazon insiders who have sold out the last few weeks will probably be smiling when they arrive to work tomorrow. The others who haven't well they better hurry... Kirby

To: Oeconomicus who wrote (1956)	3/4/1998 8:53:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 164684

Don, with the market's current valuation (26 PE) and expected earnings growth(3.7% for the S&P according to First Call), anything less than a 25-30% correction would be an under-reaction. Ok - you got me there. I forget that sometimes. All of my long positions are on the oil-exploration area. P/E's there are still in the single digits due to the fear of lower oil prices. IMO one should sell all stocks with P/E's greater than their earnings growth rates.