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

To: Sarmad Y. Hermiz who wrote (67234)	7/12/1999 11:41:00 AM
From: Eric Wells	Respond to of 164684

I agree that shorting AMZN is very risky - the stock is already up a half point from where I shorted it. But I will probably cover this short today and take the gain or loss. My decision to take a short position was motivated by the following logic: net stocks appear to be taking a hit today, and of the major net stocks, AMZN has shown the smallest drop from it's high (in terms of points) over the past 5 days. This logic may be flawed - but I think Amazon's fundamentals are as shaky as (or even shakier than) Ebay's or Yahoo's - not that fundamentals have ever had an impact on stock price. I anticipate covering my short soon. -Eric Wells

To: Sarmad Y. Hermiz who wrote (67234)	7/12/1999 1:36:00 PM
From: larry	Respond to of 164684

I think that AMZN will rally toward 135-140 the day, or the day before it reports. Then it will resume its slide in the weeks tht follows. Actually I like this company better and better each day. I sure spend tons of money buying DVDs etc from this company. I am saying goodbye to all traditional bookstores and music stores. I think that AMZN as a company has a very bright future. The stock price, well, that's another story. But it does have a a good chance to seeing $300 in a couple of years. larry!