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

To: Robert Rose who wrote (29316)	12/8/1998 4:05:00 PM
From: CookiePuss	Read Replies (3) \| Respond to of 164684

What an aweful selloff we had today. We'll be seeing $10 in no time :-) Good trading...

To: Robert Rose who wrote (29316)	12/9/1998 3:43:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

I've noticed that news about major competition entering the field or making strategic moves tends to drive down stocks in most sectors and situations. That more often isn't the case for the Internet sector - news of new marketing agreements or alignments tends to just add to the excitement in the sector. I think this is a prime yardstick with which to judge these stocks. If the reaction to competitive moves shifts to become negative, then that will tell a lot about what investors are focusing on. As long as the focus remains on growth, growth, growth with minor consideration paid to competition, then be very careful about shorting these stocks. The shift from a growth focus to a competition focus will not be determined all at once "ahh, there is competition on the Internet . . . but the growth is spectacular so it doesn't matter . . . but I see competition is growing . . . but the sales are now soaring . . ." push and pull but only when overall growth starts to decelerate will the competition factor gain a more central focus. Another year or three to the upside with more severe indigestion and hiccups along the way.