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: Jan Crawley who wrote (4496)	5/19/1998 1:39:00 PM
From: Mark Fowler	Read Replies (1) of 164684

Jan, you have valid points. In my view it would be more risky to short this stock. I find it amazing how this stock is holding up in view of negative news both on a micro and macro level lately. I'm sure you are however, be careful. I wouldn't go long at this price either. I've been in the stock since when it was in the high twenties. Sold out when it hit in the high thirties because I buckled to all the news on the ridiculous valuation the stock has. I was fortunate to buy back in before the next breakout. I'm glad I didn't do that with Yhoo though. We could be in this trading range for some time that could be a correction in itself for the stock over next 3 to 6 mos. I would think their would be better shorts out their than Amzn in light of opportunity risks. Mark

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