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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.37+0.3%3:59 PM EST

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To: IceShark who wrote (14624)8/25/1998 9:58:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
Amazon is making great progress on the plan to become the highest cap stock in history
while raking up increased debts and losses! It no wonder that the bulls are so thrilled
with the company's prospects: you've got to be truly favored by the gods to get away
with this!


Rob,

I began this shorting quest a long time ago and lost lots. At first, I was appalled at the way the market traded AMZN. Now I just watch in awe wondering what these people are thinking. I am not a TA person as you know. However, it appears the float is increasing and the stock will likely not go much higher. I base the float increase on watching Level II and noting the smaller spreads between the bid and asks. Now we just need the next quarter revenues for the fundamentals to kick in as they should. Slowing revenue growth will get attention.

Glenn
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