Amazon.com, Inc. (AMZN) Message Board

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

AMZN 239.26

-1.0%

3:59 PM EST

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To: umbro who wrote (9406)	7/8/1998 10:25:00 AM
From: llamaphlegm	Read Replies (1) of 164685

Gary: Funny thing that earnings stuff, amzn has none, and yhoo's no matter how many pennies it beats concensus by, it's still total guesswork as to appropriate valuation. IMHO, it's the momo boys and girls that have lifted these and they're returning to reality. You are, however, 100% right in that it's the interpretation of the quarterlies which can monkey around with the stock price -- with that I cannot quibble. If you want to play dangerous short term, unbox a hedged position (longer term, you'll make good $). Safer bet, load up on deep out of $$$ Jan99 puts and/or calendar or bearish spread. Llama

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