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

AMZN 217.21

0.0%

10:13 AM EST

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To: Brett Behm who wrote (1972)	3/5/1998 11:59:00 AM
From: LoLoLoLita	Read Replies (1) of 164684

>>What is so weird about it? Obviously, it is a flight to quality. Wow, you're right!! Earnings don't matter a whit for these; it's all 'bout "building the brand," n'est pas? I sold (short) some AMZN today @ 73 with an open limit order. Boy, what a stupid fool not to have waited for it to make new highs! Hey, any lawyers out there following the internet-stock mania after Clinton's proposal for a Federal ban on local taxation of net commerce? Any opinions on the constitutionality of such a ban? And, regardless of the merits, any thoughts on how likely it is that such legislation can make its way through Congress into law? My own personal opinion is that if (if!) it becomes law, then we're going to see at least one state go to Federal court to challenge the tax ban on constitutional grounds--all it takes is one--and sue to get its sales tax paid by the local business; and this would then ultimately have to go to the Supreme Court, taking many years. Cheers, David

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