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

To: Walter High who wrote (5412)	6/10/1998 4:18:00 PM
From: gbh	Read Replies (1) \| Respond to of 164684

My question is why do you all keep thinking the demise is about to happen any day? In case you haven't noticed, the tone of thread has changed quite a bit the last few days, as more short realize the demise WILL NOT happen any day. Can anyone give a logical reason why you shouldn't wait until the knife begins to fall? I for one (probably like most) felt the knife had begun to fall, after the last earnings, and that big bond deal. I just recently initiated a short at 45. I thought it was a dead cat bounce to there, with 48-50 being the downside (for my short) risk. Obviously I was wrong. I boxed my position yesterday at 49 1/2, and added to the short (and long) today at 52. So I'm down 4.5 points, and currently boxed, waiting for the squeeze to end. I won't unbox until I see under 50. If that doesn't happen in the next month, I'll cut and run. Gary

To: Walter High who wrote (5412)	6/10/1998 4:56:00 PM
From: Ed Zhao	Read Replies (2) \| Respond to of 164684

>>I would like to ask the bears on this thread a question: Why do you think AMZN is going down imminently? << Because almost all other Internet stocks are well below all time highs. Even YHOO is nearly 15% off all time high. During the first round of Internet mania in late 1995, NSCP hold up well when other Internet stocks tumble. History does not repeat itself exactly but it's interesting to observe that NSCP the time spacing between NSCP's double top was exactly two month. AMZN surpassed old high by 10%, with help of stock the IPO of Inktomi and the split. >>Everyone knows that issue won't be decided for a long time, maybe several years.<< Everyone followed Motley Fool into IOM were convinced the Zip drive would be on every desktop and IOM would make billions in profit. That did not provent IOM from dropping 75% in a few months, for no appearant bad news. >>According to my calculations, Fowler invested less than $7,000 and is up over $20,000 as of today.<< Does he has an exit plan so not to leave a big chuck of his profit on the table. That's still an open question. XZ