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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST
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To: Andrew who wrote (7300)6/24/1998 2:20:00 AM
From: KM  Read Replies (1) of 164684
 
From Street.com:

(Cramer)

. . . the public has embraced the Net faster than the bankers have. And the youth of America has embraced the Net faster than those publishing execs, so many of whom pride themselves on not owning or using email, let alone a computer. So when the publishing execs should have been crafting some public Net entity for us to buy, they were busy closing or scaling back their Net offerings. Not that it would have mattered because these Net offerings were the same as the print version, courtesy of old-fashioned advertising salespeople who were anti-Net anyway. And who could argue otherwise, given the millions that have been shelled out and lost on Teletext and a whole bunch of other wacky electronic publishing entities?

Now the Johnny-come-latelies want in with some sort of viable product. But to start it from scratch now means paying the engines fortunes and not necessarily building a brand anyway. So there simply aren't enough companies to come public to fill the market's appetite for the Internet.

What does this mean? It is simply one more reason why you can't short Amazon.com (AMZN:Nasdaq), whether you want to or not. And one more reason why I think the Net stocks aren't done with their awesome move.
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