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

AMZN 247.47

+1.3%

10:48 AM EST

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To: Glenn D. Rudolph who wrote (11138)	7/22/1998 4:01:00 AM
From: H James Morris	Read Replies (2) of 164684

If you can get reasonable put premiums this thursday might be the time to move. Amzn announces @ the close tomorrow that they did better than the Morgan Stanely estimated .44c loss. This should make it hit close to its high. That should finally bring an end to this phenomenon. Morgan Stanely went to Bezos and asked him what was the most he could lose this qtr. Bezos responded 'If we make it look real bad, maybe .38c. Morgan Stanely replied, 'Good lets estimate a .44c loss and that way the yuppies, will think that we exceeded expectations. This has been the best self- orchestrated con job since Joseph Smith Jr.

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