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

To: Rob S. who wrote (46922)	3/23/1999 12:43:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Mark, enjoy the Spring. Unfortunately that will lead to the summer doldrums . . . and tech sell-off. No great mystery here . . . just the combination of overvalued stocks ("ahead of themselves" - in some cases by 2-3 years) and a lightening up of the liquidity and speculative forces that have been driving the market. This doesn't mean the economy sucks or the world is headed to war. It just means the pendulum has swung too far to one extreme and nothing is in the offing to keep it propelled in the same direction. It is the time to be selective - the financial stocks and cyclicals are the place to be fishing for opportunities - some speculation on techs will pan out but the easy money on them is to the downside, IMO.<< Most of my selection buying is done with and plan to have an excellent summer too. I believe it's a good time to buy techs they're early into a new up cycle.