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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: Jan Crawley who wrote (15409)8/31/1998 4:36:00 PM
From: Ken Pomaranski  Read Replies (2) of 164684
 
Nasty!!! Wow!

Question: How many shorters on this thread took this opportunity to cover? If you did, good job on not being greedy!!!

One thing that's important is that you must realize that this stock didn't fall on fundamentals. The leaders finally took it on the chin in this bad market. (look at Dell, Lucent). When the market turns, these stocks will lead the way back up. Not sure when it will happen, but it could be as early as tommorrow.

Here is the question you must ask:

Will e-commerce take off? If you say no, then shorting works. If you say 'yes', then you have to realize that Amazon is in the best position (by far) of any e-tailer. hands down. No one can argue this.

Good luck to all! I hand my head to the bears for this round!

kp
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