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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: Sarmad Y. Hermiz who wrote (44317)3/6/1999 10:26:00 PM
From: Bill Harmond  Read Replies (4) of 164684
 
All I can say is that you are dwelling on the central issue. We have completely different projections of the outcome because I think that Amazon will emerge at the end of this spending spree as the still-dominant electronic retailing portal on earth.

The Street was willing to give them four times as long as Amazon thinks is necessary to turn profitable, when they offered the $5 billion. Joy Covey herself said just last month that they recently recognized that the opportunity is far greater than they envisioned and will be spending even faster.

Think about the scale of what's happening here. After the first bond offering Amazon tied up the international editions of Yahoo.

You're fighting the tape. You're fighting the tide. Amazon is the clear, distant leader in an exploding industry. The company has been declared a core holding by the most influential investment houses on earth. Merrill replaced its analyst for being a cementhead with one of Amazon's most ardent bulls.

That's alot to fight. You can short Amazon and have your small victories from time to time, but I think you're spinning your wheels and wasting your focus. You would be far better-off going long, then going fishing.

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