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

To: Ron Kline who wrote (995)	12/13/1997 10:09:00 AM
From: Andreas Helke	Respond to of 164684

If you take a look at the overvalued stocks of 1996 they had similar characteristics. They went up in good days and refused to go down in bad days and thus reached absurd valuation ratios with PEs beyond 100. Some examples in the networking sector were Fore, Cascade and Ascend. All of them did very poorly in 1997. Ascend went down from $80 to $22 and Cascade went down even more. One important difference was that those network stocks had positive and fast growing earnings. The stock prices collopsed when the earnings growth slowed down. Amazon is not expected to earn money for some time therefore it is for now immune to earnings growth reductions. I think that the Amazon price will collapse when investors see that Amazons earnings when they finally will be positive wont achieve todays wild expactations. Andreas

To: Ron Kline who wrote (995)	12/13/1997 10:13:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Keep the faith Ron. Manaus wasn't burned in a day. Remember, it went from $66 to $45 (a 32% decline) in two weeks. And that was after setting its high after the "October Market Event". It'll get there, but probably not in a straight line. When E*Trade fell from grace, it bounced a lot, rallied enough to keep the longs' hopes up, pretended to find support only to break through it, and had analysts saying buy all the way down from $47 to $20. And that's a company that actually makes money. Sit tight and don't let them squeeze you out (Assuming you are short. If you are just an amazed, disbelieving former long, don't be tempted by its apparent strength. You are missing nothing.). Bob

To: Ron Kline who wrote (995)	12/13/1997 3:08:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 164684

AMZN bull feed: pathfinder.com or maybe bull-something-else

To: Ron Kline who wrote (995)	12/15/1997 2:41:00 AM
From: Michel Bera	Read Replies (1) \| Respond to of 164684

Ron, I have tripled my book buys on AMZN since I started buying from them (have to slow down now, for the credit card bill last month was over $400...). And I am using Yahoo everyday on Silicon Investor. Good old Peter Lynch stuff : buy what you know and use. A PL rule I did not follow myself, unfortunately : I chosed EGRP (which I do not use) instead of AMZN for my Internet play, for I thought that there were the only ones making money. Just my two cents, Regards, MiB