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

To: Bullitt who wrote (35842)	1/21/1999 2:29:00 PM
From: Platter	Read Replies (1) \| Respond to of 164684

from TheStreet.com...Internet issues were hit particularly hard on the back of negative comments from Morgan Stanley Dean Witter global strategist Barton Biggs and Prudential Securities chief technical analyst Ralph Acampora. "I promise you that like all bubbles, this bubble will come to an end," said Biggs in a Tokyo speech. He went on to point out that, at 101 days, the rise in Internet stocks is reaching the point where the gold bubble of 1979 and the biotech bubble of 1991-92 came to an end. And Acampora has this to say in his morning note: "Recent favorites such as the Internet stocks appear to be under pressure and are expected lower. We recommend taking money out of these stocks and to rotate into the larger technology issues such as Compaq Computer (CPQ:NYSE), Intel (INTC:Nasdaq) and Dell Computer (DELL:Nasdaq)." And so Internet stocks fell, though some would say they'd be falling anyway. TheStreet.com Internet Sector index was off 34, or 6.6%, to 475. "The valuations are still in the stratosphere," said Benning of the .coms. "It's just a fever that got carried away with itself."