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

To: Smart Investor who wrote (34804)	1/13/1999 7:55:00 PM
From: David in Ontario	Read Replies (2) \| Respond to of 164684

Mary Meeker ‘ordered' to talk down ‘Net' stocks today? Now read this! From theStreet.com, Eric Moskowitz, 7:05 PM this evening ++++ Meeker Shakes Up Net Stocks Morgan Stanley's Mary Meeker -- who was given the royal moniker recently by Barron's -- urged clients to "take some money off the table" in a report on Yahoo! (YHOO:Nasdaq) this morning. "The feel of speculative excess and making too much money too fast reminds one that greed can be bad," she wrote in bold letters. These cautionary words sent shock waves through the tech market this morning, and insiders say the statement was one of the reasons the tech-heavy Nasdaq tumbled over 100 points in early trading. "She's fueled some of this hysteria on the upside by finding new valuation criteria for these stocks, so it was only reasonable for her to calm things down a bit," says Lenny Schuster, a hedge fund manager with Gemina Capital. "But it may have shocked people a bit this morning to see her comment on it like that." ++++ Is that so Mary? And now read this: ++++ "Significantly, Meeker may have more reason to be cautious than she let on this morning. Two money managers suggested that at Morgan Stanley's Arizona tech conference last week, the firm's technology team may have decided to try to squash some of this Internet mania and Meeker was only following orders. They pointed to how the firm's semiconductor analyst Mark Edelstone downgraded two "Internet-like" companies, Broadcom (BRCM:Nasdaq) and Rambus (RMBS:Nasdaq), Tuesday. But Edelstone dismisses such charges and notes that his call was valuation-driven. " ++++ Net stocks…volatile to be sure recently…but with INTC, YHOO & SEC all posting great numbers yesterday it's hard to believe that this rally is over…suspect that it will last for a while…but huge daily gains/declines may ease... Net rally over today…I don't think so. AMZN…not short/not margined…just a loooong hold. Analysts…the whores of Wall Street David