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

To: Glenn D. Rudolph who wrote (105263)	6/23/2000 10:19:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> I lost a lot of money years ago shorting. Glenn, your problem and mine were that we did not have the staying power to maintain the short. I read that Carl Icahn shorted Priceline from 70 to 150. Then covered recently around 40's. Of course he has a few billion to help him stay the course.

To: Glenn D. Rudolph who wrote (105263)	6/23/2000 10:44:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Glenn, I wonder if Bezos can get his money back from Drugstore.com, Nextcard.com,Homegrocery.com, and all the other lousy investments he made? Btw Did you see Kleiner Perkins made another bundle from the Handspring IPO? Oh! look for Aol to buy eventually what's left of the Amazon brand name.I figure that will happen in about 3 years from now. >Seattle, June 22 (Bloomberg) -- Amazon.com Inc. is raising the monthly fee it charges its auctions and zShops sellers to $39.99 for up to 5,000 listed items, from $9.99 for up to 3,000 items, starting next month, according to CNET News.com, an online news service for the computer and technology industry. Analysts say the Internet retailer is trying to compete better against eBay Inc. by offering unique merchandise from well-known sellers instead of focusing on consumer-to-consumer auctions, and that the company may want to ``weed out'' weaker sellers. The fee increase follows the introduction of a new feature to let zShop sellers design personalized storefronts, CNET News.com said. Amazon.com formed zShops in September, allowing merchants to rent space on the company's Web site and sell their goods in exchange for a monthly fee and a commission on transactions.

To: Glenn D. Rudolph who wrote (105263)	6/23/2000 11:34:00 AM
From: Danny	Read Replies (2) \| Respond to of 164684

This hurts. AMZN will be dead in water for at least 2 quarters. Although I think it's too early to call the end of it, will sell into a dead cat bounce if we see one in 30s area. But once the dust settles, it may be worth a revisit couple of months later.