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

To: Rob S. who wrote (12923)	8/8/1998 7:23:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I think the technical rebound will continue through the early part of next week. This is not a roaring back but a more timid return of money that has been sidelined. Rob, Thank you for your insight. If the market does go up Monday, I will sell the puts at a loss. The sectors I like are specialty retailers, some consumer goods producers, many of the semi, semi equip (a bit early), software, networking and other tech stocks. I think the tech and retail sector will be leaders in the economy. I can tell you with certainty that specialty retail is doing very well. I am thankful for that. Glenn

To: Rob S. who wrote (12923)	8/8/1998 9:25:00 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 164684

I agree Rob with mostly everything you've said about AMZN. Alot of people are trying to recapture the old glory with this week's internet stock runs. As far as I can see, there is nothing substantial in these moves. I think the peeks have been seen with AMZN with the double top last month. Like Glenn, I bought puts on an internet company. I am seeing too much overhead resistance in all the internets. We all know AMZN could very well be up 20 points in a day...but it WASN'T, and one can only ask WHY? Too much resistance at $120 levels, that's why. Same thing with LCOS...$65-66 is jam packed with resistance. Resistance on XCIT is $47. Hell, if AMZN or any of the prementioned breaks $120 or their respective resistance points, hats off too the speculators, I won't doubt the highs being tested for most of these stocks BUT...in these market conditions will that really happen??? Who really thinks that will happen? Who will put their cohones on the line and say that, "yeah, these stocks are going to make new highs and kick some ass." I doubt that. I say the stocks are up slightly Monday morning and the sell off will start from there. I look for AMZN to fall to the low 90's level short term and LCOS back into the mid 50's. XCIT back to 35's. Then, we'll guage it from there...

To: Rob S. who wrote (12923)	8/9/1998 12:46:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Rs< Amazon.com is valued on 5 year or more earnings expectations and the immediate benefit of being part of the sector are misdirected - with the stock price already so high, why should temporary things realy matter? A stock's price has everything to do with perceptions so it could still have an effect on the stock price - something bears and bulls alike should keep in mind if for nothing else than to time their trading strategies> Are you suggesting that we have to watch this 'Thing' for 5 years? Glen, can you take another 5 years? I just don't see the controllers holding the 'Thing' that long. What do I know? I didn't think the 'Thing' would go from 40 to 147 either.