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

To: Oeconomicus who wrote (4873)	5/30/1998 1:16:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

RD, I didn't think that Vinik was a momentum player! Whats your take on Vinik buying this overweight internet book and tape retailer??

To: Oeconomicus who wrote (4873)	5/31/1998 1:35:00 AM
From: slipnsip	Read Replies (1) \| Respond to of 164684

The most interesting thing at the moment with AMZN is that the institutions have to much to stake in its success.. They helped create the illusion, they have made tons of money with it, and they don't konw how to let the air out... Consequently it is a self fullfilling prophecy at least in the short term. There will come a time, and it is not that far in the future, that the money managers that have made millions and enhanced their portfolios performance tremendously will have to start taking money off the table.. The fun will start with the first. Cause when the first guy finally throws in the towel, the others will follow faster than you can blink... It is no secret that this is an overvalued piece of crap, but as long as the big boys toe the line with upgrades, and adding to their position posture, it will continue to go up or at least sustain its current position. The cracks are already in the damn. Just a matter of time. No longer can a money manger expect or hope to get another 40% appreciation from this dog. At best 10%... Thus the crash is immenant.. Just a matter of time..