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

To: 16yearcycle who wrote (50589)	4/15/1999 1:17:00 PM
From: HG	Read Replies (1) \| Respond to of 164684

What did you get into QCOM @ ? Am looking at entering today or tomorrow !

To: 16yearcycle who wrote (50589)	4/15/1999 2:09:00 PM
From: Rob S.	Respond to of 164684

The market came trough the pre-announcement period pretty much unscathed and then went into the good announcement period with high flying expectations. The early signs of a move down were when good news failed to move stocks up and bad news caused them to plummet. If all you did was follow the average reaction to good and bad news you could probably pick the direction of the market most of the time. Until about two weeks ago, bad news had been effecting stocks that weren't in the darling sectors but not many of them that were. Then it shifted so that good news failed to cause the stocks to move up much. Of course, speculators continued to chase wildly after each new IPO and Internet story stock - signs of hyper speculation. And almost analysts were wildly enthusiastic. Just when the point is reached that everyone loves the market - with so bears that they stick out and appear apologetic for not having been bullish themselves, that is when a small turn of sentiment is likely to upset the apple cart. I think the tech sectors will correct 15%-25% but the many high flying stocks (if even that adequately describes them) will drop much further - a few 60%-75%.