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

To: John Rowton who wrote (4724)	5/26/1998 9:52:00 PM
From: H James Morris	Respond to of 164684

May I suggest that, we don't let our greed get to carried away. Wow, someone already has Amzn in the 15's. Its like saying 'I bought today @ 15, and in 30 days, it will be @ 90'. Imhop, one should be realistic on what one expects in a correction. I've already noticed that my Oct 110 puts, are just eating, the premium's. There's a smart Amzn bear, on the MF, that thinks Amzn could be a $45 stock by the end of the year! My suggestion here, is to listen to him. Good luck to all.

To: John Rowton who wrote (4724)	5/26/1998 10:17:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

John, there's room for more growth as long as earnings are ok and interest rates and inflation behave well. There'll be a short-term hit if the Fed decides to raise rates later on, but stocks will be helped by money flowing into mutual funds.

To: John Rowton who wrote (4724)	5/26/1998 10:56:00 PM
From: Mark Myword	Read Replies (1) \| Respond to of 164684

>>>just think the market is in trouble, there will be warning from a tech stock every morning, some small, some big<<< John - you are right , but not all the warnings will involve earnings ( or the lack thereof ) - check out this from the Bloomberg thread - it relates to Think New Ideas - smells like something rotten is happening - >> On Friday, Think New Ideas announced the departure of founder, CEO and chairman, Scott Mednick, and the firing of its outside auditor, BDO Seidman. The company denied any connection between the two events. Bloom said Ernst & Young was hired to be replace BDO Seidman. << I suspect that in addition to poor earnings , we will see indications of accounting fraud and other transgressions emerging in this sector. There is a mad scramble to cash in on the valuation lunacy while the action is hot , and when you can sell a worthless company for millions to naive , panting "investors", anything goes for some people. BTW , it is interesting that this company replaced their current auditor with Ernst & Young....they probably have the worst record in the Big Six as far as sloppy audits , shareholder lawsuits, etc. Not exactly a class act , but then again , class and integrity left the CPA audit business a long, long time ago.