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

To: Oeconomicus who wrote (1038)	12/18/1997 2:45:00 PM
From: DarrenS	Respond to of 164684

Amazon has an unproven business model. At the end of the day it does not matter how large the revenues are, if amzn does not start turning a profit, shareholders will just end up having paid 50 dollars for a whole bunch of debt. Amzn is a very risky proposition in this market climate. The smart money is short. My target is 40 in the next month.

To: Oeconomicus who wrote (1038)	12/18/1997 2:46:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 164684

Bob, OT - I have a question about writing calls. Specifically, how are they taxed. Example if I buy 1000 of a stock and then sell calls at $2, is that $2000 taxed like a dividend or a short term gain (or what)?

To: Oeconomicus who wrote (1038)	12/18/1997 3:23:00 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

You note that insider selling is likely to subdue any runup, right? If sales growth beats expectations, would a true believer really sell? Doesn't the surprise tell you that the future is brighter than anticipated? It would be a "surprise" to the casual investors. I'm sure AMZN folks have been waiting for this moment all along. Would the insiders be telling us "that's the last surprise"? Nope. Insiders would be telling us that at $80 per share AMZN is fully valued to the year 2005, and thus they rather sell.