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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bob Trocchi who wrote (3838)	3/2/1998 10:07:00 AM
From: Candle stick	Respond to of 18691

Bob, earnings are bad for companies like AMZN because then they give you a target number to latch onto that can be missed. You can then also apply standard valuation models such as P/E and that would make the company look ridiculous. Todays internet companies sell on high expectations and a lot of hype. No one knows how big the market is or whether there is even a profit to be made in the future. This is good for the company, because this way they can create a positive hysteria that is hard to refute. Not until hard earnings numbers are realized will the company be unable to promulgate the hype stories. Then they will have to answer as to why the numbers are far short of expectations. Thus earnings are bad for AMZN..........;^)