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

To: jason D. who wrote (7673)	6/25/1998 11:05:00 PM
From: Dwight E. Karlsen	Respond to of 164684

The greater fool theory has caused this stock to skyrocket, and it is likely the greatest fools were buying today. I couldn't agree more. When a stock appreciates 133% in less than one month, with 25% in the last three days prior to today, that's not the time to go long. I really can't imagine anyone initiating a new position here. It takes $10K to buy a round lot of 100 shares at 100, and that ain't chicken feed. So those folks that have been buying at these $100&plusmn prices are going to be quick to sell if they feel the need. I think it's obvious that MSFT lead this tech stock rally. MSFT released Win98 at 12:01 this AM. MSFT rallied hard all the way into this event, starting approx a week ago. Sell the news. What's left out there to lead techs higher? I don't see anything obvious. When tech leadership evaporates, it's the bear's turn, however brief that may be.

To: jason D. who wrote (7673)	6/26/1998 7:05:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

That said, this stock does not trade on fundamentals, but rather on momentum of which it has plenty. I got my puts today at 102. If AMZN ever closes above 105, I am out and just another in the long list of bears who became victims of the Amazon juggernaut. I will get on my horse and ride dejectedly out of town. (I don't own a horse, I just said that for effect) Jason, Good luck with your puts. I love the horse comment. You made my morning:-) Glenn