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

AMZN 229.12

-0.2%

3:59 PM EST

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To: fedhead who wrote (20832)	10/9/1998 8:58:00 AM
From: craig crawford	Read Replies (2) of 164684

>> Plus Abby Cohen called for a recession in 1999 << Ha! Abby didn't forecast a recession. She forecast earnings growth of 7% next year? And 5% this year? Or was it the other way around. Anyway, she didn't forecast a recession, she forecast earnings growth---just slower growth. She is still in denial. >> Are you short YHOO as well? << Nahh, tough to short a company like YHOO where you know there is no bad news on the horizon. Plenty of bad news for AMZN ahead. In fact I'm still amazed people want to pay 86 for a stock like AMZN. I think most of the strength in AMZN is just short covering. AMZN is the LAST kind of company I want to own in a bear market that is pricing in a recession. I would want to own a company that has plenty of cash and no debt. AMZN is burning it's cash at ever faster rates, and has a mountain of debt looming over it's head a few years down the road. >> You must have made out like a bandit on your AMZN short << I did for a while, until I got greedy and got back in. At one point I was totally out of AMZN yesterday and long DELL. Looks like I will give some of that back today. Not to worry, I've got nothing but time, and AMZN is working it's way lower. Shoulda stuck with DELL...shoulda stuck with DELL...blast it!...shoulda stuck with DELL...blast it!....shoulda stuck with DELL. Not the best trading day for CC yesterday...

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