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

To: Sarmad Y. Hermiz who wrote (57164)	5/17/1999 7:02:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164685

Sarmad, the sentiment just got too bearish and the move exhausted itself.

To: Sarmad Y. Hermiz who wrote (57164)	5/17/1999 7:29:00 PM
From: MSI	Respond to of 164685

What was it today ? Are people not nervous about the fed meeting ? Did the result leak out already ? They haven't even had the meeting yet. Expectations of growth are still at historic highs, so the question is, if you sell something, what do you do with cash to get 30% annual return that you're "entitled" to? Internet stocks. Also there must be a stabilizing influence of the Net Funds; but I haven't seen anyone quantify that yet. Another stabilizer is this incestuous interplay between net cos. w. interlocking directorates, because you are investing $$ in companies that feel free to morph to stay the ahead of the "next big thing". So, you invest in the wrong company, and it morphs into something profitable anyway because of the mix of high-speed technology and hi-speed capital. It's like investing in a steel company in 1910 that morphs into Xerox. Never happened before, I don't think. This is what scares me into shorting AMZN only briefly. I can actually imagine scenarios that make the thing profitable.