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

To: Sarmad Y. Hermiz who wrote (58120)	5/24/1999 11:41:00 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Sarmad, I'm pleased to tell you that DB has been a net seller. Trust me on that. Ps The elephants are moving. Don't you think?? When do you think the next buying opportunity will be?? Probably @ its bankruptcy meeting. Glenn is going host that. You can trust me on that too.

To: Sarmad Y. Hermiz who wrote (58120)	5/24/1999 1:41:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

I agree. There are several reason why AMZN will continue to move down over the course of the next 2-4 months: 1] The boom in ecommerce stocks caused by the seasonal upsurge of late last year has worn off. Ahead is the relatively slack growth of the summer. 2] Analysts were caught with their pants down when Amazon increased loss projections. It was more that the anals were shown to be wrong than the fact of the losses. Amazon has always been about losses but the analyts have bought into the story like little kids being read a fairy tale. In this fairy tale, Goldylocks will probably get eaten by the big bad wolf (severe price competition and mounting expense). 3] The tremendous flow of money into U.S. equities has been dampened by moderating interest rates, increased attractiveness of foreign equities, and increased attractiveness and lower risk of cyclical stocks and value plays. ------- School is out for summer.