Amazon.com, Inc. (AMZN) Message Board

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

AMZN 236.68

-2.4%

3:59 PM EST

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To: dave michaels who wrote (37863)	2/4/1999 11:51:00 AM
From: Rob S.	Read Replies (1) of 164684

The 60 Minutes spot on Amazongonenutty.com was pretty funny - at least Bezos got a lot of laughs out of it (or was he laughing at the speculators who bid his personal stock value up over $11 billion?). Bulls should tuck in their horns for a while and take even the small rallies as opportunities to dump this stock before it moves down further. 160 is possible but I don't think Amazon will get past 140 on a rally, IF it materializes. There have been a few opportunities for the stock to move up but ALL have fizzled: Yahoo! earnings, mergers, acquisitions, IPOs, press releases, 60 Minute coverage - all have fallen on a less feverish environment. I think the market is starting to say - "Yea Amazon has moved up in the past and is the big bad Internet e-commerce giant - but so what? It's not 'new' news for now and Bezos' himself thinks it is risky. He said he tells his employees that they can loose everything in just a couple of years - the risks are great and the most enthusiastically phantasmagorical rewards are already accounted for in the stock price. - It's just selling books and stuff - I didn't see Jesus, Buhda or Muhamed working the scene. Go Amazongonenutty.com in Bizarro World!!! Upward to 60!!!

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