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

AMZN 233.95

+0.3%

Dec 1 3:59 PM EST

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To: $Mogul who wrote (53478)	4/28/1999 5:54:00 PM
From: Jenne	Read Replies (1) of 164684

As Good as it Gets By James J. Cramer 4/28/99 5:30 PM ET No flies on the Amazon (AMZN:Nasdaq) quarter from the basics. Revenues were great, high range, like the customer count and purchases. Three hundred million dollars would have been terrific. Two hundred ninety-three million dollars beats the top guy, which is as good as it gets. So, AMZN joins AOL (AOL:NYSE) and eBay (EBAY:Nasdaq) in being as good as it gets. Will the selloff continue then as these other stocks went down after great quarters? I'm back in the badlands here, watching all the Net stocks trade off a couple of bucks and Amazon huddled at $186, down six and the call hasn't started yet. One thing is for certain, the griddle is as cool as it has been when I have wanted to take bigger swings at the Net. Jeff Berkowitz and I just strategized for the four millionth time. We want to buy the dislocation of the Net. Not right now when the shorts are leaning on the stocks in Instinet and the sellers are still out in force. Tomorrow. When it is most ugly. That's our plan for now.

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