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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.55-1.6%3:59 PM EST

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To: H James Morris who wrote (141768)4/22/2002 1:29:46 PM
From: Alomex  Read Replies (2) of 164684
 
Are you still short Amazon.com?

Yes, I have a long term short position. I add to it every time AMZN goes up, and cover partially every time it goes down.

IMHO even the most bullish scenarios put forward for AMZN over the last year can hardly justify more than $5 per share.

If so, please explain to me in one easy lesson, why Amzn gets to exclude expenses such as some $30 million in interest payments of debt in the next qtr??

This is a big scam. Enron style accounting tricks. Their auditor should be more careful signing on to their gerrymandering. The funny thing is that this is all legal, as the SEC has given a green light to most of these shenanigans.
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