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

To: Randy Ellingson who wrote (40619)	2/17/1999 2:50:00 PM
From: Rob S.	Respond to of 164684

Nokia is a great company. Wireless is still in the early days of a major growth period, IMO. I'm not much involved now but have a few companies on my watch list. Several of these were tremendous buys last summer but have now gained enough to be less attractive for now. Amazon and other Internet stocks have again failed to muster any momentum. It almost looked like we might have gotten a reversal this morning - "climbing a wall of worry" over the recent declines. Smart money and insiders are taking profits. We may get a spring rally that will take the stocks a bit higher but I think the trend remains down and ill be down through at least the first part of this summer. Then things could go either way. I expect there to be a return of enthusiasm due to the outlook for robust Christmas sales but there will also be many new signs of increased competition that works against the high sales growth and profit picture bullish speculators depend upon. This is a bunch of guess work of course.