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

To: Oeconomicus who wrote (2034)	3/9/1998 11:24:00 AM
From: Bald Man from Mars	Respond to of 164684

Between this and AOL, the shorts get slaughtered ...

To: Oeconomicus who wrote (2034)	3/9/1998 11:48:00 AM
From: Don Westermeyer	Read Replies (3) \| Respond to of 164684

Bob, The fact that the stock flies higher in the face of even more negative article makes me very suspicious again. AMZN is just following the other I-Net stocks to even more ridiculous valuations. I got stopped out at $78. (Got stopped out of YHOO also a few days ago). I'm sure every long will come out of the woodwork now. A sure sign of a top! :) Seriously, this stock will fall just as far almost as much it has risen. Timing it is near impossible though. Often a market peaks when speculative stock rise 500%-700%. AMZN has now risen over 500%. I'm not sure what will kill it this time. It will either be rising interest rates, or the realization (after several quarters of missed earnings) that earnings growth is declining. Big runs always end in big blowouts, but few remember the lessons from even 12 months ago.