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

To: H James Morris who wrote (36102)	1/22/1999 2:59:00 PM
From: David in Ontario	Read Replies (2) \| Respond to of 164684

Sentiment returns for Tech...theStreet.com Midday Update: +++++ Midday Musings: Tech Investors Decide Enough's Enough and Buy By Spencer E. Ante Staff Reporter It's hard to keep a strong market down. That's the word on the Street as today's sagging market begins a turnaround. "Given the move we've had, we should expect these kinds of consolidations," said Tony Dwyer, chief market strategist for Ladenburg Thalmann. "We need a little pause that refreshes." That pause came this morning as the Dow Jones Industrial Average tobogganed 175.59 to 9088.49 soon after opening, before climbing back to a recent loss of 118 to 9146. The S&P 500 was off 6 to 1229 and the small-cap Russell 2000 was down 2 to 422. "I bet you the tech stocks rally this afternoon," added Dwyer, speaking before the midday tech recovery. "All this popping talk is usually indicative of a coming rally." Not surprisingly, market watchers and traders say it's the tech sector that's driving today's down-and-up action. "It's a pretty interesting day," said Paul Rich, a trader with BT Brokerage. "I see a turnaround in the tech sector." Investors praying that the dip presented an opportunity to scoop up some good deals got their wish. Indeed, Dwyer characterized today's building as not just dip buying but "buying buying." The tech-studded Nasdaq Composite Index, having fallen as much as 40.90 to 2303.82 earlier, lately was up 4 to 2348. TheStreet.com Internet Sector index was up 14 to 496, also recovering from a tough morning. "This is a typical corrective phase for what remains a fundamentally strong market," added the bullish Dwyer, who says the triumvirate of low inflation, low interest rates and solid earnings reports bode well for the markets. Long Live the Internet After momentarily coming back down to earth this week, Net stocks are on the rise again. Today's leaders include Net auctioneer eBay (EBAY:Nasdaq), up 9 1/2, or 5.2%, to 192 even as the lock-up restriction on insider sales expires. Broadcast.com (BCST:Nasdaq) is showing some legs, too, up 11 1/2, or 10.6%, to 120. And Net darlings Amazon.com (AMZN:Nasdaq) and Yahoo! (YHOO:Nasdaq) are showing signs of strength. Amazon has lurched up 15 1/16, or 14.2%, to 121 and Yahoo! was up 12 11/16 to 277 1/2. The old school tech sectors of chips and software continue to surge on positive earnings announcements. BMC Software (BMCS:Nasdaq) for example, was up 5 7/16, or 14.1%, to 43 15/16 following yesterday's news that the systems-management software maker soundly beat analyst's expectations for the third quarter of fiscal 1999. And Lattice Semiconductor (LSCC:Nasdaq) has surged 3 13/16, or 8%, to 51 3/4 after beating the Street's expectations. Breadth was negative with volume on the light side compared with what it has been lately. On the New York Stock Exchange, decliners were outpacing advancers 1,808 to 988 on 428 million shares. In Nasdaq Stock Market action, decliners were beating advancers 2,128 to 1,506 on 580 million shares. +++++ Whatever your investing strategy...long/short/DT...a bottle of scotch comes in handy following the 'nets. David.

To: H James Morris who wrote (36102)	1/22/1999 3:06:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

To: Mark Fowler (36101 ) From: H James Morris Friday, Jan 22 1999 2:52PM ET Reply # of 36110 >>different merchant signing up with Amzn almost every day now.<< Yes Mark and it makes sense. Please remember what I said several months ago. I stated that if Bezos becomes a Service Bureau (I call it a transaction processor). Now, that could be a money maker!! He could make it look like a Visa/Mastercard. The question is will he get the big guys (we know he won't get Wal-Mart, Hehe) or better still, maybe he'll get tons of little guys to advertise their wears. If it takes off he could charge them a annual fee. Do you know how much Costco gets in membership fee's. It will blow your mind, and it's all free cash. ps I'm starting sound like a bull. Don't you think?<< Yes you're starting to see the light a bit "build it and they will come" it would be interesting to see if the big boys will jump on later? It's looking good in here on the bounce.