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

To: Ken Pomaranski who wrote (1937)	3/4/1998 5:14:00 PM
From: tekgk	Read Replies (1) \| Respond to of 164684

>> why are you hanging around this thread? It looked like a good potential short. >> What's your position in AMZN Insignificant short - just enough to focus my attention. >> Does the number of shorts bother you at all? YES!! After watching for a while I have decided that I'll wait for a market turn before I touch this in any significant way. There are better places to make money.

To: Ken Pomaranski who wrote (1937)	3/4/1998 8:36:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Ken, do you seriously think that being bullish on AMZN in part because there are so many vocal bears on SI is contrarian investing? Part of any good contrarian pick is that the stock is unloved and undercovered. AMZN is neither. That fact that even many (if not most) bulls on the stock acknowledge that it's valuation seems extreme does not mean that it is, in fact, reasonably valued. It simply means that complacency and greed have overcome common sense. Regards, Bob