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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 249.14+0.3%3:59 PM EST

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To: Clam Clam who wrote ()2/4/2000 5:12:00 PM
From: Jack Galt   of 164684
 
AMZN=eHindenberg. It seems Bezos has done it again. He has once again, magician-like, delayed the inevitable shattering of the illusion. Given that AMZN is soon to run out of money and must seek new financing, his recent pronouncement that "AMZN has turned the corner" seems without the slighest shred of credibility. This is a last ditch effort to appear healthy to obtain new financing. The alternative would be to tell the truth and explain that losses that just grew by 500% (on top of deteriorating margins) only foretell worse to come. But that would close the new money window and that would mean the end of the AMZN ponzi scheme. When AMZN blows, all the net stocks blow with it. Watch out below!!!!!!
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