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

To: Eric Wells who wrote (67229)	7/12/1999 11:29:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> I just shorted AMZN at 121.625. Will probably hold the short position for just a short while (hours) as I think the net stocks could go either way. << Eric, Why?? Amazon is LOSING MONEY. It is not subject to the same calculus as Yahoo which is making 11c. The 11c looks puny compared to 150 stock price. But Amazon is beyond measurement. They have the excuse of being in the bulk-up phase. I think they will have a positive surprise in their report. Mainly on the balance sheet. I am planning to buy back the shares I sold Thursday.