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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Glenn D. Rudolph who wrote (4361)	5/15/1998 12:30:00 PM
From: Jan Crawley	of 164684

Glenn, (Complements of Blankmind) here is a newsletter comment on amzn: [Overpriced Stock Service (415) 726-8495] Amazon Com (AMZN) 91 9/16 down 1 5/16, fell after our short sale recommendation and the disappointing earnings announcement from Excite. The recently filed proxy shows that AMZN will ask its shareholders to greatly increase the number of shares outstanding. AMZN says that it will use the power to make small acquisitions and to protect it from a hostile takeover. Our advice to management: sell AMZN to the first group willing to pay you any premium at all. This is a non-proprietary bookstore operation that gets a premium valuation. AMZN's latest addition, an on-line music store, isn't any more defensible. Short over 90 for an initial target of 62. The stop loss point is 101.

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