Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Candle stick who wrote (3079)	4/16/1998 5:14:00 PM
From: William T. Katz	Read Replies (1) of 164684

Yeah, and then he quickly says that investors must be looking at the future to justify these valuations. "Clearly ... these stocks are not trading on a fundamental basis." Hey Jonathan, I guess I can only respond NO DUH! :) I've still got my 200 short Amazon (kind of my permanent short) but I covered my CDNW near the low today at 33 3/8 for a reasonable short-term gain. Got hurt a little on SEEK before covering in 36s and then I turned around and went long SEEK from 37 15/16 to 40 13/16, quick $$$ in about 10 minutes :) This is insane. SEEK reports tommorrow, not sure when I should begin my short on the search engines but it's looking like it may be time within the next 2 days. Compared to CDNW and SEEK, AMZN is looking like the "best buy" in internet mania :) At least AMZN will definitely grow revenue faster. I think they are overvalued but they should make $300 million in revenue this year. By contrast, it will be a loooong while before the search engines make that kind of revenue. Meanwhile 3dfx just blew away estimates entirely (0.50 vs 0.22 consensus). Too bad it's just a great graphics company so it's only valued around $30 and not $300.

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