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

To: fut_trade who wrote (1635)	2/20/1998 10:49:00 AM
From: William T. Katz	Respond to of 164684

I have a very small short (100 shares) that I am comfortable holding even if AMZN goes to 90. And at that time (probably much much sooner), I'd be expanding the short position. There is something fundamentally wrong with Amazon. Namely, it has two pros: (1) convenience, (2) good informational/reviewing website. #1 is not much of a pro. Cost >> convenience as a factor, esp. since there are price engines that let me order from any number of book companies with almost equal ease. #2 is hardly an entry barrier, particularly with B&N and Borders able to muster more in this area should they choose to do so ... those two sell a lot more books than AMZN for the forseeable future. Add to that a market where 80% of the stocks are overpriced and I am quite comfortable shorting AMZN long-term. -Bill