Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.81

-0.7%

3:59 PM EST

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To: Gary Korn who wrote (3989)	5/5/1998 5:52:00 PM
From: H James Morris	Read Replies (2) of 164684

Now, AMZN bears, let's not be too enthusiastic. I'm short here, as most of you know, and I finally feel comfortable in that position. My puts are the Aug 100's and my average short is @ 96 1/2. Mr Beros has done a fantastic job and his ability to tap the junk bond market ensures that, for the next 5 years, he can stay in business. This will allow him the time to figure out 'what will be the next item to sell on the Internet'. AMZN now cannot go broke for the next few years. I never wanted it to. Between now and the end of this year, Wall Street will simply ask AMZN for a more realistic p/e.

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