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

To: Glenn D. Rudolph who wrote (133362)	10/23/2001 5:47:01 PM
From: Bob Duncan	Read Replies (1) \| Respond to of 164684

Glenn, I believe we are on the same page regarding this stock. I am interested in it as a trading play, nothing more. My opinion of it as a company that will exist in its current form in 5 years has been the same since 1998. Bezos hypes better than God himself however, but I would assume at some point analysts would have enough and downgrade in mass. I simply hope they plan to do so around these levels and not around 30 cents like they did with Webvan. I have a question for you. Despite ALL the points you mention, WHO is buying this POS after hours? Considering it ran up before earnings on the hope of higher revenues (miss), or solid projections for next Q (miss), why is it only around 8.90$ when it was at 9.20$ 10 minutes till 4? NOTE: I have 7.5 Puts on this stock and am long the common, so I am playing it only for moves up or down. Must admit however I expected more of a move after earnings like this, but then again........ There is reality, and then there is AMZN.

To: Glenn D. Rudolph who wrote (133362)	10/23/2001 5:47:51 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

I liked this part: "Cash and marketable securities are expected to be approximately $900 million at Dec. 31, 2001; cash and marketable securities are expected to be over $550 million at March 31, 2002, and the Company expects to generate cash and marketable securities for the nine months ending Dec. 31, 2002, combined." Let's translate: Since we use a calendar year instead of the more normal January fiscal year used by most seasonal retailers, we get to pretend we have lots of cash each 12/31. So, we plan to string out creditors this year as every year, pay them down by $350 million after we report, then pretend all over again next year. Ain't that cool? ;-)