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

To: H James Morris who wrote (3923)	5/4/1998 1:52:00 PM
From: J.S.	Read Replies (1) \| Respond to of 164684

James, I think the sentiment you just articulated is a very strong indication that we are at a market top. This morning I looked out and my tulips were all wilted. There are major rumblings in the Asian Market. Hong Kong is in a crisis and there appears to be another selloff coming in Tokyo in reaction to this weekends developments. Seoul is also faltering again. Fund outflows surpassed fund inflows last week for the first time in about three months. We are retesting a high here and it looks like the market is running out of steam with not much available to push through these levels. Note the Dow Industrial outpacing the other averages. This is also indicative of "toppiness" (How I hate that word). Tried to short KTEL, LCOS, and AMZN this morning. Only AMZN shares were available to short. This is a good sign. More shorts will be able to get in and accelerate the downward spiral. Good Luck, Joe P.S. Did you all catch AOL CFO Lender's comments about AOL stock in Barron's. He actually makes Amazon.com's CFO seem scholarly and fiscally conservative.