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

To: Candle stick who wrote (3079)	4/16/1998 5:11:00 PM
From: cellhigh	Respond to of 164684

canstic your day is very close.any get a load of them tdfx earnings?WOW

To: Candle stick who wrote (3079)	4/16/1998 5:14:00 PM
From: William T. Katz	Read Replies (1) \| Respond to of 164684

Yeah, and then he quickly says that investors must be looking at the future to justify these valuations. "Clearly ... these stocks are not trading on a fundamental basis." Hey Jonathan, I guess I can only respond NO DUH! :) I've still got my 200 short Amazon (kind of my permanent short) but I covered my CDNW near the low today at 33 3/8 for a reasonable short-term gain. Got hurt a little on SEEK before covering in 36s and then I turned around and went long SEEK from 37 15/16 to 40 13/16, quick $$$ in about 10 minutes :) This is insane. SEEK reports tommorrow, not sure when I should begin my short on the search engines but it's looking like it may be time within the next 2 days. Compared to CDNW and SEEK, AMZN is looking like the "best buy" in internet mania :) At least AMZN will definitely grow revenue faster. I think they are overvalued but they should make $300 million in revenue this year. By contrast, it will be a loooong while before the search engines make that kind of revenue. Meanwhile 3dfx just blew away estimates entirely (0.50 vs 0.22 consensus). Too bad it's just a great graphics company so it's only valued around $30 and not $300.