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

To: Glenn D. Rudolph who wrote (67933)	7/15/1999 9:37:00 PM
From: Tradegod	Respond to of 164687

It's probably prudent to consider our positions at this time. Most of us rode the nasty Apr/May/June correction in the nets. I was fortunate and nimble enough to make more on this last rise than I lost on the way down, as I suspect, most of you were. It seemed with the neutral bias from the Fed, we got the green light. Now, less than a week or so later, I'm starting to feel a little cautious. Maybe YHOO is to blame. The chart has a strange appearance of a right shoulder forming. EBAY has been terribly weak, AOL stalled for almost 2 weeks, all during a time in which we've seen the NAZ make records. They are clearly not leading right now. Trading AOL today made me nervous. There was a lot of selling into rallies, and progressively dipping lower, all with a cooperative bond, and an up market. This isn't an opinion on the future on the internet, long term winners and losers, etc., just observations from a traders perspective on stock movement. I've had some good luck here lately in some of the smaller cap techs.

To: Glenn D. Rudolph who wrote (67933)	7/16/1999 8:40:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164687

Glenn, here's some research for you. From your favorite DLJ. >>Amazon Begins Selling Consumer Electronics; All is Not Lost For Our Traditional Retailers. Yesterday, Amazon announced that it is expanding its online offerings to include toys and consumer electronics. While the addition of toys was widely expected, consumer electronics was more of a surprise to the market. Shares of Circuit City and Best Buy fell 115/16 and 9/16, respectively. We believe that the exciting product cycle, the strong control of higher margin products by suppliers and other margin expansion opportunities will insulate BBY and CC from this apparent threat. Furthermore, there are still a number of issues that have not been addressed. For example, will Amazon abide by MAP pricing or will they give up the significant coop funding that goes along with MAP? How will they source their merchandise? Will they get access to the true high-end merchandise such as the Sony XBR, Sony Wega, higher-end audio and DV camcorders? And how will they distribute the products? In a way, Amazon's selection, which was limited in many categories, can be compared more to the electronics offerings at a warehouse club or mass market retailer. We conducted a short pricing study to compare Amazon's prices with those of Circuit City and found on some products, Amazon was cheaper. Amazon's lower pricing on selected items appeared to be on the more commodity, low-end products, and they stuck to MAP on the higher-end merchandise. For information regarding DLJ and the companies referenced within this report, Click Here