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


To: John Rowton who wrote (37839)2/1/1999 11:15:00 PM
From: GST  Respond to of 164684
 
John -- I have enormous respect for the creation of wealth through the net and net stocks -- even AMZN, my least favorite, when it gets back down to merely being seriously overvalued at $50. But it might be time to take a break from all the easy money making fun and reflect on the cross-currents in the broader market.

I share your perception that there is a strong overall case to raise some cash here, as the underpinnings in this market grow weaker. I also think it might be good to hedge in some unexpected places (like gold stocks), and to get off margin. I do not expect AG to raise rates, and neither do investors in utilities or bonds. That is why they are worried. Japan's liquidity needs are going to suck some life out of the U.S. market. Low growth, the potential for higher interest rates somewhere down the line, and the return of inflation in more than just stock prices, are going to cause the markets to rock and roll. Put on your dancing shoes.



To: John Rowton who wrote (37839)2/1/1999 11:23:00 PM
From: IceShark  Read Replies (1) | Respond to of 164684
 
Naw, don't worry about AMzn John, -g- While the lack of any interest on this thread is certainly most interesting, I think it will have support, but slowly drift down. Afghan Taliban, or their ilk, must have purchased the converts and set their sorry and diseased arses down on AMZN. -g- Or if you don't like that, they got their drug buddies to buy the issue. -nfg-

Regards, Ice



To: John Rowton who wrote (37839)2/2/1999 9:02:00 AM
From: Copeland  Respond to of 164684
 
The bond market looks like it will crash, considering the sell off in the utilities, which crashed through resistance at 300. Not a good time to be long in any run-up stock.