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

To: Tom D who wrote (25294)	11/9/1998 11:14:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Nobody knows the future, especially for a rapidly changing company like AMZN. Maybe H James Morris is right and the stock will be below $20 in a year. But the scenario on which the bulls are betting is not impossible, as your post implies. JMHO. Tom, Nothing is impossible which is why we have buyers and sellers in the market on the same security. I hope all is well with you by the way. Glenn

To: Tom D who wrote (25294)	11/10/1998 7:43:00 AM
From: Glenn D. Rudolph	Respond to of 164684

From Briefing.co: "Internet mania is in full force... Bolstered by news of Broadcom's (BRCM) new chip which should facilitate use of net in the home, and by recent studies which provide glowing forecasts for e-commerce companies, Internet-related stocks posted huge gains... We are back in an environment similar to the one experienced near midyear when money flowed into net stocks regardless of fundamentals... Enthusiasm has even trickled down to third tier companies such as Egghead.com (EGGS) and K-Tel (KTEL +1 1/4)... Recent history suggests that when the buying extends to the third tier names, the bulk of the move is over... That is not to say Internet sector won't have another day or two like yesterday, just that if you haven't already committed money to the group now is not the time to jump in... Wait for the inevitable pullback (it will come) and selectively buy the quality names then. Can tech stocks continue to significantly outpace rest of market? Despite turning bullish on sector at the lows, Briefing underestimated potential scope of this move as we questioned how economically sensitive stocks could sustain a dynamic up move at a time of slowing worldwide economic growth... Answer is that market has discounted bad news over next few months and is looking at an economic revival by mid-1999... Maybe... But the market grossly underestimated the impact of the Asian contagion and it failed to anticipate the earnings slowdown... Consequently, blindly adhering to group think could prove costly down the road if market assumption of a turnaround proves premature. "