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

To: Sarmad Y. Hermiz who wrote (42663)	2/26/1999 11:58:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Amazon has seen some wild moves today. It is fighting nervousness and a drain of money out of the tech stocks that I thought was coming. It may move up a bit more and then sell back down to the 105-110 level. I think that there will be news out about how great sales are doing at DrugStore.com - how it is instantly the darling of this new sector of ecommerce. Mention that they are buying their way into business probably won't upset the interest to buy the stock. I thought AMZN would be up more. The mood on tech stocks is causing problems. The tech stocks will be down much further by this summer, IMO. Almost every analyst is bullish and public sentiment had risen to very high levels (at least as of a few days ago). The advance/decline line had deteriorated severely even while the darlings had continued up. And, of course, the TA on the market leading sectors had turned bearish. There were so many signs of a market top that only self-blinded seven figure pimp analysts could ignore them.