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

To: Sarmad Y. Hermiz who wrote (55125)	5/4/1999 4:53:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

Be careful Sarmad. Here is what has changed from past times when Amazon went down: The opinion has shifted about the direction of future earnings. The 2.5X increase in losses forecast for the next few quarters has set ANALS wondering where they left their brains when they previously thought that they had it all figured out. Tiptoeing through the tulips just isn't as much fun as it used to be. As a consequence, they have reit'd buys while they told their big clients to bail out, IMO. That's one reason why you see the increase in volume to the downside. And that is what is very different from pull-backs that occurred prior to earnings and cc. Before that, the volume was light on the downside and up on the upside. The stock was being accumulated in anticipation that the God of the Internet had anointed Bezos and Amazon as the rulers of Bizarro virtual ecommerce world. The "buy on the dips" strategy that has worked so well in the past may work again if Amazon gets battered to extremes. But the near-term trend is for widening losses, greater risk, and summer doldrums, IMO. "Sell on the rallies" is the current days' order.

To: Sarmad Y. Hermiz who wrote (55125)	5/5/1999 4:55:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

Sarmad -- I have been too busy today to keep up -- but it looks like it was pretty ugly for a while -- I wonder if that will continue as the next few trading sessions unfold? I held my LSI calls -- and caught a bad dip early on but a strong finish. Gold continues to 'shine' -- couldn't resist that dumb pun. Rally for the market is in tact, but man, what a jumpy market it can be - should be interesting to see how we do Friday and Monday in the aftermath of the employment index report. That will make or break gold for the moment-- not to mention the rest of the market in a different way. Never felt better about owning the metals. Do you remember 1973? Its all about supply and demand. This time it won't be oil, it will be metals. And all the 'gurus' will be saying it won't last as the ground rumbles and the metals', rockets roar.