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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (61444)	6/9/1999 2:35:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Rob, It is obvious you're totally right that amzn will be weak until late fall. We did get lulled by the stock splits into thinking $112 is a low price. We should think of it in the original IPO price as 660. Or in terms of market cap $16B for 1.2B current sales. But I expect this is very near the low that it will see, unless there is a seq drop in rev. So maybe the massive ad campaign is meant to prevent that. I also think you are right in expecting new highs going into the year end. Meanwhile, even Jan does not find many opportunities in trading amzn. And I have done absolutely nothing except buy at 114, and hope for 130 by July. But now with CPI next week, then FOMC June 29, even that seems doubtful.