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

To: Tom D who wrote (71510)	8/3/1999 1:25:00 PM
From: KeepItSimple	Respond to of 164684

> <<First we need a REAL sell-off - the kind that wrenches investors guts and cleans > out the over-valuation mentality.>> In 1929 that was indicated by the flood of investors throwing themselves out of high-rise buildings in manhattan. In 1999 it was indicated by a daytrader going postal. People were speculating earlier that the daytrader maniac was analagous to Charlie Manson in the 60s.. Both marked the end of an era.

To: Tom D who wrote (71510)	8/3/1999 1:31:00 PM
From: James Thai	Read Replies (1) \| Respond to of 164684

Perhaps I should rephrase and say it's a short term bottom (ie I don't see things going much lower over the next 4 days). That said, I don't have enough conviction to go long yet, I'm staying mostly cash right now as I scale out of my put positions. (I went 100% short via puts two fridays ago, then took some time off to get the rest of my life together. Nice to come back and see things went well for my trading) James.

To: Tom D who wrote (71510)	8/3/1999 3:42:00 PM
From: H James Morris	Respond to of 164684

>>At $90 per share, AMZN is at $540 per share presplit. There is still room for more decline. As Rob S so eloquently phrased it, << TomD, I' glad you said the above also. I've been feeling like a broken record stating that Amzn is still a $540 stock. Would you consider buying a $540 stock that most experts still can't figure out, if it will ever make a profit? Let me ask you this? Would you pay $540ps share for Southlands 7/11 stores? I doubt it! Only a speculator would pay $540 for Amzn, surely that's not you;-)