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

To: fedhead who wrote (16427)	9/8/1998 6:47:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 164684

>>Whats your take I think this is another selling opportunity. I don't think the market took Alan Greenspan's speech correctly. Over the past couple weeks short-term interest-rate futures had already signaled a rate decrease but stocks were coming down hard anyway, so that's not news. Therefore I think this very impressive rally is a correction of the oversold condition. What the market didn't take to heart were his comments Friday on slowing growth and the Street's unrealistic earnings growth expectations. I think it's too early to be buying for the long term, though of the names you mentioned Rambus' chart looks good to me. That said, even though I stayed in cash, it took all the discipline I could muster to keep myself from buying today! It sure was tempting, but I'd rather be late and confident in my decision than be lucky at the bottom.