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

To: Pancho Villa who wrote (5414)	3/24/1998 12:56:00 AM
From: Candle stick	Respond to of 18691

Here are three rather negative articles on AMZN that are out today: From CBS market watch: Bertelsmann all booked up for online retailing Amazon: Book seller poised to slide? By Thom Calandra & Emily Church, CBS MarketWatch Mon Mar 23 17:29:29 1998 cbs.marketwatch.com German media group Bertelsmann AG's purchase of American publisher Random House could keep online book seller Amazon.com in red ink well into the next century. From Forbes ASAP: forbes.com An excerpt, This company defines dynamic, even as it scrambles to make money. Founder Jeff Bezos, a former Wall Streeter, seized technology and created opportunity. The result? The world's first online bookstore and a total upheaval in the centuries-old art of bookselling. The problem? Amazon.com as a business is far from perfect. Its costs are out of whack; its service orientation weak. Wall Street now wants better business fundamentals, less fairy tale. From CBS, Bertelsmann buying Random house, cbs.com "Random House will also provide a wealth of titles for a new online book-selling venture that Bertelsmann is planning to compete with Amazon.com and Barnes & Noble. Bertelsmann announced plans last month to develop BooksOnline, which aims to sell titles by all publishers in several languages." .....I really like the part in the Forbes article that refers to the AMZN company as fairy tale............;^)

To: Pancho Villa who wrote (5414)	3/24/1998 12:59:00 AM
From: B Tate	Read Replies (1) \| Respond to of 18691

Pancho <<why do you think the US market does not give a f..k about what is going on in Asia? IMO investors buying the US market (including foreign investors now buying US equities) are like dumb cows....>> Like sentiments are posted on the "Asia Forum" as well. Maybe the truth is more like "why is anyone investing in equities at all??..." I'm beginning to think of going to all cash. Maybe I'll miss the top but I'll still have some marbles to pick up the pieces later on. Regards Bernie

To: Pancho Villa who wrote (5414)	3/24/1998 1:05:00 AM
From: Joey Two-Cents	Respond to of 18691

They don't think about it. Hell the people managing their money don't think about it, so why should they. One month stocks go down 1,000 points the next month bad earning news propels the market to new highs. I feel the big selloff will be long and steady decline not a one day blowoff.

To: Pancho Villa who wrote (5414)	3/24/1998 12:59:00 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 18691

<<U.S. Market does not give a f..k>> I talked to a prosperous older man buying Barrons one day about Asia and U.S. Stock Market. He thought we (U.S. cos. and investment groups) were or would be buying up the devastation in Asia and that we, as a country had what everybody wanted in lifestyle. He punctuated these observations by reminding me our biggest export was entertainment and he sure wasn't the least bit bearish on the future. He was about 70 I'd guess. JMH observation.