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

To: H James Morris who wrote (4878)	5/30/1998 11:57:00 PM
From: Mark Myword	Respond to of 164684

>> Vinik has hedged his bet, << HJ - I was merely suggesting that he , and others ,may be both long and short Amazon , to be ready for a quick profit when it tanks. As a matter of fact , this type of activity will drive it down even more , should it occur. The report of "Vinik adding to his portfolio" (if in fact that is even true , i.e. not just a silly rumor floating around ), could be a number of things in terms of position and strategy. Or it could just be some local hype for the stock from the Seattle paper. I doubt that they have any better idea of what Vinik is up to than we do.

To: H James Morris who wrote (4878)	5/30/1998 11:59:00 PM
From: Imran	Read Replies (1) \| Respond to of 164684

Although I never had Vinik manage my money I remember when he controlled Fidelity's Magellan fund and was manipulating Micron. With Magellan he caused Micron to run up to an all-time high of 95, and then came on CNBS to recommend Micron as a buy. It later came out that at the time he was selling Micron. A lot of people sued Fidelity for his false remarks. I don't know if that was the cause but pretty soon after that he left Magellan. Since then he has been doing this a lot, buying companies with small floats and some sort of angle (Y2K, internet,....) and runs them up with very little cash thanks to the small floats. Usually by the time he advertises that he's buying stake in a company is the time that he's looking to get out. So if your hearing that he's buying now, you should listen with a grain of salt.