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

To: Glenn D. Rudolph who wrote (14779)	8/27/1998 11:42:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

It's crazy now. Asnd touchs 38 1/8. Jan

To: Glenn D. Rudolph who wrote (14779)	8/27/1998 12:11:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Thoughts? I'll give it a shot. For the first couple hours, it didn't seem like a panicked decline, but no rallies could gain any steam either. Seems that many were looking for rallies to sell into. Louis N., on Squawk Box this AM, predicted a "reflex rally" about an hour into the day, but it didn't materialize and we seemed to gain steam on the downside once the S&P broke its support around 1056. Trin was over 2.5, looking a little panicky. Now, we are getting that reflex rally, but it will fail, IMO, and we'll try for -500 Dow points at least. BTW, for the record, bought both YHOO Sept 110s and AMZN Sept 140s a little while ago. Puts, of course. So, for anyone using me as a contrary indicator... BUY DAT DIP!!! bOB