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

To: Sarmad Y. Hermiz who wrote (41749)	2/22/1999 3:31:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

Sarmad -- soft at the start and building -- hard to say where we go, but this spike is more than day traders covering or whatever. It is a relief rally -- lets see how long the 'relief' lasts when we see the price to be paid for the relief.

To: Sarmad Y. Hermiz who wrote (41749)	2/22/1999 4:22:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

The market had a broad rebound with the tech and financial sectors showing leadership. However, this came on lower than normal volume. A good sign was that the Russel 2000 was up over 1% - showing the relatively under valued small-mid caps participated. It's likely we will see more of a rebound over the next few days. Whether this can sustain itself remains to be seen. I have my doubts - but until the market reveals weakness, go with the flow to the upside. Amazon didn't look very impressive considering the strong movement in the overall market and tech stocks in particular. I wasn't very impressed with the move in any of the Internet stocks - I think this will turn into a suckers rally shortly. But I don't expect a rapid decline to follow either. Just a whimpering decline after a nice move up. Look at the relative volume in Amazon and many other Internet stocks: the volume was modest, showing little return of momentum invetors or eprevious enthusiasm. Or it might indicate that investors are turning their attention elsehwere - kinda what I expected to see - a "sector rotation" into less strung-out sectors - like the small-mid caps.