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

To: GST who wrote (39932)	2/13/1999 9:17:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

> holding in a range between 25-50. Sounds reasonable to me. I firmly believe that within 12 months most of these stocks are going right back where they began 16 months ago. Anyone want to buy Yahoo at 15? Amazon at 12? Microsoft at half its current price? Don't think its possible? Can't comprehend stocks going down that much? Get ready for a lesson in gravity. If the marketplace could value these stocks at those levels just over a year ago, you can bet yer IRA that the market can value these stocks at those levels now. The only variable that is unknown is the legions of daytraders- it seems as if half the population is quitting their jobs to go online and trade tulips. They won't go quietly. They'll kick and scream until they are completely broke. The question is- will they have learned their lesson or will they jump right back in as soon as they've saved enough cash to buy a few shares of ebay on margin?

To: GST who wrote (39932)	2/13/1999 9:28:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

, <goodby AMZN -- by the way I see it trading in a range between 25-50 for most of the rest of the year. 100 to 50, 50 back up a bit maybe to 70, then down to 25 and holding in a range between 25-50. > From what I have seen so far, the drop in amzn is like pulling teeth. The volume is low on the drops which I think means lack of sellers. As H.J. might say, the elephants are not leaving yet. I do wish for your more optimistic script, but I don't want to delude myself. -Sarmad