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

To: James Thai who wrote (29541)	12/10/1998 7:16:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

I talked to one private Internet e-commerce company whose software was written up in PC mag as an "Editor's Choice" and they said that several investment bankers had made unsolicited calls to see if they wanted to go public. He said that they "would not take no for an answer". With the nets stocks are splitting like crazy, new issues flooding onto the scene as fast as the brokerages can crank them out, (sales and profits not required or maybe even a negative - you don't want anything real to judge these stocks by!), insiders reportedly selling like the sky will start to fall, and the brokerages setting higher margin requirements, the point may be reached before too long where the rubber band will have sprung so far to the extreme that it will snap back. The wild emotional enthusiasm for the sector has continued to pour incredible amounts of money into these stocks. But with more investors margined to buy them, a loss of upward momentum combined with increased float could cause the reverse of a short squeeze - a long margin squeeze and selling panic. I'm not saying that this will happen. But it is becoming an increased possibility. I think a sharp drop will eventually hit the Internet stocks - again. They will probably stay afloat until at least through January on the effects of rising holiday season sales.