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

To: Peter Bernhardt who wrote (18192)	9/24/1998 1:27:00 PM
From: Rob S.	Respond to of 164684

My thinking is that the major inets, (which show similar day-trading chart patterns), will get pumped up a bit as eBay hits the streets. Looks like it oppened up sharply as could be expected. BTW, thanks for the comment on the IPO fever run up. It was my observation that this had happened several times in the past and the ingredients were in place for it to occur this time. These inet stocks seem to be structured by the investment bankers and firms very similarly - probably just copying the formula for success: Bring widely popular inet companies with their several millions of users and supporters public with only a few million shares of initial float. Disperse the shares as favors with the knowledge that selling such a few amount of shares relative to the public exposure will assure that the open will be enthusiastic (as sure as anything ever was in the market). Then do a better than average job of publicizing the sale - and in conjunction with the IPO put a push on other inet stocks - if you can't get shares in eBay at the offer, buy NZMA, YHOO, AOL, or other darling inet - the fact that these have consistently run up on major IPOs in the sector becomes a "self fullfiling prophecy" that is certain to attract more knowledgeable investors and brokerage interest. We are seeing a bit of a rally now - or at least a lessening of the pull-back pressure. I expect it will rally a bit more and will finish up for the day, be up by mid-morning on Friday and then pull back off the highs. Overall, I expect (wild guess) that this inet rally will be shorter lived than typical rallies and once the luster of the eBay promo wears thin that a pull-back will take place. Good short candidates according to my quick TA include: AMZN-A+, ATHM-A+, ELNK-A, LCOS-C+, MSPG-A, PSIX-A+, SEEK-A+, XCIT-A++, YHOO-A-, INEX-A+. The thing to remember if you are bearish is that the run up may continue for another 2-3 days. XCIT and eBAY may be supported longer than others because of the recent news and IPO status.