Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.90

+0.2%

1:05 PM EST

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To: Bill Harmond who wrote (19512)	10/1/1998 6:01:00 PM
From: Techie	Read Replies (1) of 164684

I would never tell you what you should do, but right now that $9.5 collected on the sale of Oct. 120 calls doesn't feel that smart (vs selling AMZN at $120). Neither does buying YHOO, AMZN or AOL earlier today. I certainly think we will retest the lows in the markets and these stocks may just continue their downfall for few more days. It's not just a hedge fund here & there. There is a global financial meltdown going on in the midst of a global recession. In terms of earnings 1999 looks a lot worse than 1998 and that doesn't encourage me. I don't know about you, but I shop on the net a lot and all I care about is price. So I like the sites that give me a dump of who is selling it and for how much and I go buy it at the cheapest site, AMZN or elsewhere. As great as the net is, it will destroy the earnings of these companies by destroying pricing power. But you know all that, so later.

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