Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.14

0.0%

1:28 PM EST

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To: Tradegod who wrote (7627)	6/26/1998 3:22:00 PM
From: Olu Emuleomo	Read Replies (1) of 164684

Yet where are the proponents for Amazon? What is the argument for explosive growth that would almost triple the stock price in 2 weeks. Other than low margin cd's are there revenue/profit opportunites that have not been factored in? AOL announced some time ago that they were raising prices and the stock popped. They could do that and flow it to the bottom line. Can Amazon? There's B & K, and borders, plus NTKI and CDNW. I've seen stocks explode to the upside, but most have been because news of phenominal potential. There is nothing new. Yup! But this is precisely why the stock went up so fast. Too many people bet against AMZN 'cos it was a no-brainer. Now, with a small float, all some hedge fund guys need to do is squeeze it a little and bewildered shorts will be forced to cover!! I know; I was short and had to cover at $49; thank God! I am confident that AMZN will fall to the low $30s or so; but who knows when??? After it goes to $200?? I'm not willing to find out with my money on the line. --Olu E.

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