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

To: zebraspot who wrote (4650)	5/23/1998 2:18:00 PM
From: Oeconomicus	Respond to of 164684

Z., good article. Summarizes in one article about 10 months worth of our arguments (on both sides) here on SI. Funny they didn't credit us. Oh well. I will say that I found the more cautionary comments from Simmons and Rocker (Rocker was a big buyer of EGGS before the strategy shift, BTW) more convincing than those from 'net bull Steve Harmon. "The Web calls for new business models." Yeah, and the new business models call for new business models. Bob

To: zebraspot who wrote (4650)	5/23/1998 3:02:00 PM
From: Mark Myword	Read Replies (1) \| Respond to of 164684

>>>>>> Web Retailers Face Onslaught Of Giants <<<<<< The more I read this sort of thing , the more I'm convinced that AMZN is one huge , screaming short that will pay off big when the hype-induced bubble finally breaks. The comment from Harmon about a two-year window for the net companies is laughably absurd. I would say more like two months. The curtain is coming down soon on these fantasy stocks , and the smart money is already heading for the exits. My guess is any recent buying is purely among the uninformed and starry-eyed. Or could it be that Mr. Bezos has directed Amazon to use its new cash infusion (while it lasts) to prop up the stock, so that he and his backer buddies can distribute the shares to the sucker public in an orderly fashion? What would he have to lose ? He knows it will tank before long anyway.