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

To: Jan Crawley who wrote (15940)	9/3/1998 1:42:00 PM
From: Rob S.	Respond to of 164684

I agree with that but think that the retail pressure of new investors coming into the stock and high visibility that the inet sector and e-commerce that will remain mostly intact through the rest of the year will keep it from getting creamed. That is just a guess bassed on what I've observed with the stock - you have to admit that fundamentals haven't mattered much and trading volumes have been enormous considering the size of the company in terms of sales and float. The increased float will make it vulnerable when the interest in the sector starts to wind down more. For the near term, right or wrong, inet and e-commerce are the buzzwords that rule the media and minds of investors. We will be seeing a flurry of inet IPOs that will apparently come out this month and early next despite the market conditions. This will heighten awareness and focus on the sector and may put a floor on the decline in the darlings. At this point I feel pretty confident that NZMA won't drop below about 74. That's not an entirely "logical" assessment, but then who needs logic with this stock?