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

AMZN 249.12

+0.3%

3:05 PM EST

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To: Billsig who wrote (11722)	7/25/1998 4:55:00 PM
From: Floyd D. Schneider	of 164684

DEAR FREINDS AN ENEMIES OF AMAZON.FOOL Amazon is aggregating customers, preparing to try to become the Wal-Mart of the World Wide Web. Ref. David Garner ========================================================== Its this statement by the FOOL David Garner made the stock scream higher. Walmart of the Worlds. The fool called it Walmazon.com. The stock doubles on the news. The Motley Fools cheared and cried out Hooray, Hooray Amazon wants to be the Walmart of the net. They will sell everything from Shampoo to bubble Gum. Then came this artical from CBS market Watch. Yet Volpe Browns Williams says Amazon 's not trying to become the Walmart of the web, but will expand carefully in selected markets. " Wal-Mart has a limited selection of nearly every product" Amazon hopes to have enormous selections in few categories. Seems that David Garner was a little off in his hype of Amazon. Based on this news Amazon is "FAIRLY VALUED" and the projected growth that David Garner was talking about in the Walmazon artical isn't going to happen at all. Now I know that the FOOLS gaurd will try to make up something like this is not the relevant, but at Fridays closing price of 124 1/4 this stock should be sold on the open. The stock formed a double top when it hit $147 per share. This stock is going to drop so fast it will make your eyes POP out. I know comments will come out like " He's just a short seller, what does he know" or the stock is up 1200% how much did you lose?" The facts are I bought puts in the stock when it was at about $142 per share. I never had puts before this or shorted the stock in the past. As far as I was concerned it was up 0% when I purchased my puts at the time. I do feel I will make a killing since Amazon intends NOT to be the Wal-Mart of the net and is about to be creamed. Look at the tape and it tells the story. Institutions were heavy sellers the last two trading days. The momentum players have left to find another game to play. DLJ did just come out with that reiterated "buy" recomendation but they were one of companies that brough the company public. DLJ just restricted the stock and will not allow any of their clients to buy on margin. This is because they know there is a rather good chance of the stock crashing and doesn't want to go after clients for huge margin loses. When the stock does go to $90 the margin calls will come for the Fools that though Amazon was going to a 8 billion market cap. The current 6 billion market cap is twice the size of Barnes and Noble and Borders combined. This makes me think of one more brick and mortar thought. The CEO of Amazon did say that future growth would decline in the future and was fearful of competition from Barnes and Noble. I guess the reason for this was the fact that Barnes and Noble plans to spend zillions of dollars in marketing to gain market share. Thats about it. Have a nice Day. Floyd

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