Amazon.com, Inc. (AMZN) Message Board

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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 (54431)	4/30/1999 10:05:00 PM
From: Captain Leap	Read Replies (2) of 164684

Sarmad, I am long a small position in AMZN (in a much larger tech focused portfolio). I must admit that the earnings announcement left me luke warm. Yeah, the revenue was spectacular but the company is trying to fill two senior chairs at a time when growth is huge and cost is...well let's just say not a focus. And on the call the deadpan CFO did nothing to make anyone feel comfortable about cost control. If you had stated the above reasons for an impending price decline, I would listen to your argument. But it's clear that the current downdraft in EVERY big-time net and tech stock has more to do with cyclical rotation than evaporation of expectations. I saw a lot of hoopla from many analysts based upon the AMZN numbers. And you will note the historical precedent for big sell-offs after virtually every earnings announcement. I think the stock is going back to $200 as it continues to generate news (which it does almost everyday), and as expectations build anew without the distraction of earnings (yes I said distraction). Look for buying on Monday as the new money comes pouring into the market. Captain Leap

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