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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: zTrader_77 who wrote (19)	3/10/1998 6:06:00 PM
From: Rick Slemmer	Read Replies (2) \| Respond to of 182

Kirby: A good solution would be to eliminate the Market Makers and have the computer match buyers and sellers. This is already being done on the Island network. I seriously doubt that the big jump AMZN took from 77 to 88 was due to real market demand. If it was not due to market demand then it seems a crime was committed! Well, not a crime in the classic sense of the term. Immoral and greedy, perhaps, but not criminal. I believe it is market demand; Internet stocks are hot and the fund managers want to show those stocks in their 1st quarter portfolios. April 1st may tell a different tale. And don't forget, Kirby, the same thing happens on the other side of the coin, too. When a stock is dropping (as CLCX did today), market makers can't run away fast enough. Longs and shorts both gripe about the way the NASDAQ is run and the apparent advantage that the market makers have. But it seems to me that if the playing field were somehow leveled, the opportunities to make money would be fewer and the rewards smaller. In the final analysis, fundamentals and due diligence win out. I'm short AMZN too; its fall from grace will be even quicker and more spectacular than its recent ascent. Good luck! RS