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

To: Glenn D. Rudolph who wrote (43788)	3/4/1999 3:44:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

That makes sense. I think they will continue to benefit from Internet growth - and that they have huge proprietary technical positions. Amazon continues to trade in a narrow range despite the DrugStore.com hype and push by Blodgett and Meeker. For them to rally this stock is much more like pushing water uphill. As I suspected, a lot of money is flowing out of the Internuts and other speculative stocks and into cyclicals and other under-valued sectors that benefit from a stabilization in prices and an outlook for increases by the end of he year. I don't like much in the tech sectors right now - it's a picker's market but the time to pick should be better this summer. Right now the best place to be is in the cyclicals, some financials and overseas markets, IMO. - or sitting on the sidelines or short the high flyers.