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

To: Rob S. who wrote (42912)	2/27/1999 3:33:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

Rob, Do you think the upward reversal from 84 that occurred last week and the Blodgett & Meeker upgrades were all related to the drugstore business ? Apparently many people knew about a coming drugstore announcement. A post on this thread mentioned a pending on-line drugstore announcement a couple of weeks ago. I am puzzled by this: the steep drop in amzn occurred while many tech stocks were making all-time highs (on miniscule earnings) and a rising market environment. Now the 50% recovery is occurring in a terrible market environment and a crash in techs. It is like people are taking refuge in net stocks as defensive holdings, which seems absurd to me, but it goes on day after day.