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

To: Edward Burgener who wrote (2824)	4/6/1998 4:47:00 PM
From: William T. Katz	Read Replies (1) \| Respond to of 164684

Don't think this stock will drop to $40 after the next earnings report. First, that earnings report might still be very good since the competition is yet to be felt in force for AMZN. Borders is not up. Bertlesmann not here. CUC is just getting their act together. Only B&N is challenging. Second, we probably are still getting people converted to e-commerce so AMZN growth will probably be good. I'd expect a tapering off of growth rate in next qtr or two, though. (IMHO) Third, there is a large short interest and I doubt the shorts will be patient enough to hold to $40. If most shorts see $60 anytime soon I'd think they'd be very very happy. This is a long-term short vs long war. The stock price will begin reflecting reality once the competition truly revs up and AMZN growth rate moves down. I'd expect that within this year but certainly don't expect any major shifts within next month. I hope I'm wrong. Still sitting on my shorts, equal amounts at 60, 73, and 94.

To: Edward Burgener who wrote (2824)	4/6/1998 5:00:00 PM
From: cellhigh	Respond to of 164684

ha ..are you kiddin me.. greed runs wild in the market long or short