Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.55

-4.4%

3:59 PM EST

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To: llamaphlegm who wrote (10012)	7/11/1998 9:34:00 AM
From: tonyt	Read Replies (1) of 164684

Thanks for the link. Also from Barrons "The Trader" Column: Internet stocks had another wild ride. Amazon.com fell 24 1/2 to 99 1/2 on the week after hitting a record 143 3/4 Tuesday, while Yahoo rose 8 3/8 to 181 1/4, having peaked at 207 1/2 just before it reported stronger-than-expected quarterly profits on Tuesday afternoon. Yahoo now trades at about 300 times projected 1998 earnings. 'Net stocks continued to generate feverish interest from retail investors, but a lot of professionals have been selling them short. Options veterans said they've never seen such high option prices as those involving Amazon and Yahoo last week. This reflects widespread uncertainty about which way these stocks will swing next.

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