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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Tradegod who wrote (2209)	10/12/2000 1:08:07 PM
From: Glenn D. Rudolph	Respond to of 57684

Glenn, just noticed AMZN made a year/2year low . My quick calculations show it's just about back to the absurd 98 highs, (think there's been 6:1 splits since then) when we were first shorting it, and watching it triple in 2 months on us! Tradegod, I have been watching that too. It is still very richly valued in my opinion. The other factor is lousy market conditions driving it down presently. I do suspect regardless of market conditions after the first of the year, Amazon will be down below where we shorted it. They are fortunate they do not need to raise cash until after the first of the year. I doubt they could raise much now but they will have to raise some next spring and that will be interesting. Glenn