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

To: James Thai who wrote (67710)	7/14/1999 3:25:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

James, >> It's been a relatively boring trading day today, just some ideas for now.. I'm pretty bullish on the inets for the next couple of days, so I have some INKT (earnings), CNET (earnings) and YHOO (momentum) calls, but just to keep things interesting. Should have bought AMZN instead of YHOO, oh well. Still taking a huge bath on LCOS 110s, but that's pretty much a write-off now. << Nearly everyone (myself included) was expecting amzn to go up while waiting for its report. While with Yahoo there is not much news to drive the price out of its range. I really did not think amzn will go up as much with a week to go, which is why I sold just below 130. I am still puzzled why amzn is up so much today after the panic yesterday. A while ago GST posted a long note on why speculative stocks react to interest rates. But I don't think that is driving amzn today. The other nuts are not uniformly up or down. My only explanation is that traders are ANTICIPATING that funds will start buying, and they are positioning themselves ahead of time, like they did with yhoo. Then yhoo dis-appointed (please don't say they exceeded published estimates. Those were a sham). I don't think amzn will dis-appoint in its report. Its metric is revenue, and expenses are ignored for now. So very possibly amzn will not drop after the report, especially if there is no run prior. So this may be the genuine article for amzn, with report next week, and no potential bad news in between. As far as LCOS, I really don't know what anyone sees in that. If one likes the advertising model of search engines and portals, then Yahoo is the king. If it is a mo mo play, anything is possible.