Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark Myword who wrote (5643)	6/11/1998 4:37:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 164684

Its all over but the crying... Least I have enough capital to stay short another 30 points... Unfortunaltly, this would be my entire portfolio. Its going to pull back if nothing else. But it sucks to be in this position where your gambling your entire net worth if it continues up another 30 points.. I wasn't gambling with pennies.. I swore this would never happen to me.. Sheeez who would have thunk?? Time for lotza beers for I fear short covering tomorrow will force it higher for at least one more day. Today will bring alot of shorts in..

To: Mark Myword who wrote (5643)	6/11/1998 4:37:00 PM
From: zebraspot	Read Replies (3) \| Respond to of 164684

Amen. Don't confuse luck with skill/judgement is always good, timely advice. We may lose a few bucks here bucking the insanity, but (speaking for myself) I wouldn't have had the money to lose if I acted in the market the past 18 years as insanely as these "Fundamentals don't matter anymore" shooting stars. Greybeard II

To: Mark Myword who wrote (5643)	6/11/1998 5:05:00 PM
From: Mark Fowler	Read Replies (3) \| Respond to of 164684

Asia is collapsing economically << Don't underestimate those Asian people. They'll learn to play the capitalism rules after this. And the Japan situation is not as bad as the press say's. I've learned to turn off those CNN boys along time ago; you will have less garbage to filter out. Sell your position now and consider yourself lucky ,very lucky.<< Sell, why sell now? I'm not going to be afraid of a little profit taking in here short-term. If i sell then you know who you have to pay, old Uncle Sam. The book market is an annual 84 billion dollar industry that is growing and Amzn has positioned itself well and has only begun to tap that market. Then theirs the music business and the video business. And you know what; i don't think they will stop there. No, your short sightlessness has blinded you into inertia. Respectfully, Mark Fowler

To: Mark Myword who wrote (5643)	6/11/1998 5:15:00 PM
From: F The	Read Replies (2) \| Respond to of 164684

This trend looks like KTEL. Hype, hype, hype high, then fall, fall, fall. But I think, we won't see the big fall until the float increases. Boy, it hurts. Thought of getting half out, but had business appointment. Well, I hope this is only a paper loss and I am quite hopeful we may recover later. Relatively speaking, I would rather have this paper loss than owning Asian mutual funds. You win some and lose some! Just have to offset this loss from winning money.

To: Mark Myword who wrote (5643)	6/11/1998 8:46:00 PM
From: H James Morris	Respond to of 164684

William, good post. When this story breaks, the manipulators will answer, we did this to show the amateurs, that they should never have been on the short/put side.

To: Mark Myword who wrote (5643)	6/12/1998 9:30:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Barnes & Noble The nation's largest book retailer enjoyed some heady times last year, netting investors a tidy 147% in 1997. Even since we wrote about the company in January, the share price has jumped 14%. The company had benefited from a newfound ability to manage expectations and beat earnings projections. Plus, shoppers were buying books. Sales grew an average of 19% from 1995 to 1997. Investors finally caught on that Barnes & Noble was a good story, as it gobbled up booksellers and grew market share. Enter Barnesandnoble.com, the company's newly redesigned answer to Web darling and e-commerce king, Amazon.com (AMZN). Barnes & Noble is making a play to profit from the seemingly limitless sales the Internet could bring. And the site has done well. Sales rose 14% sequentially last quarter and estimates show that the company could sell as much as $100 million worth of books online by year's end. The problem is that Amazon's online sales grew 32% sequentially last quarter and the company's lead in online sales is growing, even as the new kid on the block upgrades. "As retail shifts from brick and mortar to online, it's benefiting the dominant player, Amazon," says analyst Craig Bibb of PaineWebber. Bibb also thinks that Barnes & Noble's margins, already expected to be a thin 2.4% in 1998, will shrink as steep online discounts cut into superstore sales and overall profits. At that point, Barnes & Noble will have no where else to turn. Analysts still expect Barnes & Noble to increase earnings 24% during the next tw o years, but while Amazon trades at over 1,000 times expected 1999 earnings, Barnes & Noble trades at a pedestrian 30.1 times 1998 earnings. Barnes & Noble's low PSR has made it a winner for some time now, but the value, or lack thereof, should lie in the margins going forward. Unless, of course, investors decide that their neighborhood book superstore is now an Internet company.