Amazon.com, Inc. (AMZN) Message Board

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

AMZN 227.14

+0.5%

10:17 AM EST

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To: Lizzie Tudor who wrote (57566)	5/20/1999 4:11:00 PM
From: Bearded One	Read Replies (1) of 164684

I am short a bunch of internet stocks. I just think that Amazon is going to crack first because of its negative cash flow. In general, I worry about companies with no revenue and no earnings because the street seems to accept any good news as the Second Coming. I.E. "Company XYZ just reported a 2 million dollar deal!" and then the stock shoots up a few hundred million in market cap. Or, as Yahoo does, they just report a few pennies per share in earnings, and all of a sudden they are worth billions. Amazon has been around for a while, so there's a timing advantage to shorting them. There are fewer people who are just learning about the company and who will say "Hey, I just heard of XYZ. I gotta get me some!" Amazon is also under more scrutiny than the others which, in my view, is good for my position. But I will look at the other companies you suggested. Thanks.

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