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

To: Candle stick who wrote (4231)	5/12/1998 10:09:00 AM
From: Keliven Wong	Read Replies (1) \| Respond to of 164687

In the same sector is CRWN - Crown Books. You might be interested in looking at it, if for comparison only. I personally believe that a market panic has given me an opportunity to buy dollar for fifty cents. It is interesting that while the market bubble has inflated the AMZN price beyond reason, a sober 10K has caused the CRWN stock to crater. (At $13/share a month ago when the rumor went around that they were going to sell on-line, down to $2.25 last thursday after the LA Times, Wash Post, Baltimore Sun, reprinted the same info from the 10K which was filed the week before. Panic stock selling occurred. Price is now $3.50. I think it is a bargain at this price. The 10K was written by a new management team ( president from Barnes and Noble, been there since January). Everything is written off to bricks. All leases and lines of credit are being renegotiated. 10K appropriately states that if they continue to run the business as they have, they will go bankrupt. In fact if you ignore the non-cash write-off's they are doing significantly better than Amazon. The only issue is mind-share where Amazon is climbing, while Crown has been declining. Sorry to bother you with this nonsense, but CRWN does seem to represent the other side of stock market mania - panic selling as opposed to panic buying. I see it as someone trying to sell dollars for fifty cents, and I'm willing to buy a few. IMHO KW