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

To: Glenn D. Rudolph who wrote (15348)	8/31/1998 12:17:00 PM
From: Marconi	Read Replies (1) \| Respond to of 164684

Hello Mr. Rudolph: Presumably there is symmetry in trading around the fundamentals in the long run. Perhaps now we are seeing the mirror of the runs in June and July. People change their minds.... I am hoping for a rally to 120 area to be able to enter into a serious short position ( 1k+ shares and options for a flip at near the extremums to leverage the rate of gain of the move). Instead, I am sidelining with status quo -- a modest short position and options. I don't feel this is just a retracement of the summer bump yet, but time will tell. There has not been the upside capitulation yet that I was expecting. And too much money is sloshing around yet, that will be poured into some sort of issues when investors are less restless. I don't think great wisdom has suddenly come into play by the typical investor in selecting positions either. For now, it is a wait and see time for the general investing public's reaction. I am looking for more clarity what should be obviously apparent in AMZN before reforming my position. For now, AMZN is in close scrutiny mode. Best regards, m