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

To: IceShark who wrote (35579)	1/20/1999 4:27:00 PM
From: Platter	Respond to of 164684

spoke to brokerage firms yesterday...the rational behind requiring 100% cash to buy AMZN, YHOO, EBAY etc etc was to 1)shift fund allocations away from overpriced sectors because their clients who held traditional stocks were not benfiting form mkt upturn 2)To reduce their risks/exposures to the internet/Techs in case they collapse...3) Negative momentum will creep up on sectors and catch those "buy the High" investors....One Broker told me that Friday and Monday will be the true test since thats when settlement dates comes around based on new RULES and those who can't come up with the cash will be forced to sell.....So yes, I agree funds will flow back to the airline, banks, drugs and the OS stocks..which are still marginable...actually margin requirements for the latter type stocks have been reduced, in order to attract investors to them and "re-balance" the market. I don't want to name the firms though since I have accounts there.