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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.15-2.5%3:59 PM EST

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To: Gary Walker who wrote (57638)5/20/1999 10:58:00 PM
From: Lizzie Tudor  Read Replies (5) of 164684
 
Gary, just let me be clear on my point. I am not saying amazon won't go down here. On the contrary I was just speaking with someone about shorting intnernet stocks last night.

However, it seems like some people can't accept that things have changed with regards to amazon stock and its place in the market from what it was 6 months ago. Amazon is no longer valued excessively compared to other internets! It is right in line there with priceline and cmgi etc. And Amazon has gained customers during that time... they proved they can raise prices and still increase market share, they wiped out Barnes and Noble and CDNow, they added auctions and e-cards they have investments in 3 other premiere online sites (ok 2.5 since pets.com isn't as huge as the others but it is my favorite), anyway Amazons investment portfolio of companies is vastly superior to cmgi at this point who only has lycos, lycos, lycos.

Why short amazon now when there are so many others? Sure amazon might go under, there is always that risk but it might not... otoh we KNOW silknet isn't worth 1 billion! Or thestreet.com or msgi etc.

Thats all I'm trying to say. If anybody here can make a case to me as to why Amazon is a better short than priceline (who is bleeding $$ bigtime just like amazon) then let me know what it is.
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