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

To: Oeconomicus who wrote (5705)	6/12/1998 12:39:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

William, trying to communicate with Amateurs, is like baby sitting. You end up just talking, to yourself. I copied this from the Internet Motley Fool. <Online bookseller Amazon.com (Nasdaq: AMZN) moved up $8 3/8 to $62 1/2 after launching its music store on the Web at 1 a.m. today, offering about 100,000 CD titles at discounted prices. The news isn't new, though; this has been in the works and has been publicly known for a while. Perhaps the bears realize that the company is building core competencies that can be applied to businesses with trillions of dollars in worldwide sales each year. A small proportion of those sales would be huge, even if the margins would be thin. The next stop for the Amazon.com distribution train may be video cassettes, building on its acquisition of privately held Internet Movie Database Ltd. in April. Fools in Atlanta and Los Angeles can listen in on Tom Gardner's discussion with Amazon.com CFO Joy Covey on the first broadcast of The Motley Fool Radio Show this Saturday. >

To: Oeconomicus who wrote (5705)	6/12/1998 6:24:00 AM
From: Alexander Pavlov	Read Replies (2) \| Respond to of 164684

<< $200 million + increase in mkt cap in last two days is short covering. I think not. And, if you are going to try to convince us this wasn't short covering, at least get your numbers right. The increase in market cap the last two days alone was over $500 million.>> Bob, That $200+ mil increase Victor mentioned is not in mkt cap. It is 2 day's unrealized gain of Mr Bezos on his approx 20 mil shares. Probably they both are trying to figure how to realize that gain. Hehe, nice to know that longs have headaches as well :o) But seriously, what $500 million increase in mkt cap you are talking about? The float is 6 mil out of 49.5 shares outstanding. Two days increase was 11.25. That gives 11.25 x 6 = 67.5 mil. If we consider mkt cap as a market valuation of the company, i.e. price market is willing to pay for the company, then all I can see is just 67.5 mil increase in this valuation. Being distributed among 49.5 mil shares these $67.5 mil would produce only 1.36 pt rise. To put it in another words, nobody will pay Mr Bezos $200 mil more than as of mkt close Tuesday for his shares. This is the way small float works. Reminds me about KTEL - it happens you do not believe your eyes watching the tape, but in the long run price and value are to converge. "And so castles made of sand fall in the sea, eventually." Alex

To: Oeconomicus who wrote (5705)	6/12/1998 11:42:00 PM
From: Victor Lazlo	Respond to of 164684

<< Must have been all the new "10-20 more points straight up - 100+ by summer's end" bulls posting here today then. Come on, you don't get moves like this on no news at these valuations and in a nasty market from "investors" putting new money to work. >> R.D., please get the facts straight. There was news. What is being ignored here is the announcements both Wednesday and Thursday of the music being added to the product offering, as well as the "buy" recommendation. Everyone knew the music addition was imminent, but the actual news still seems to have encouraged strong buying. Whether this new buying is prudent or not, I do not know. Maybe others on the thread think the music sales are worth an additional $624 million in market cap. I am neither long nor short the stock, and have never been either. I do offer a "hats-off" to the longs for holding on up to these heights- its been an amazing run so far. 9 million shares traded Wed and Thurs. No way could the total 4.3 million of short shares even if all covered, produce anywhere near this $624 million in new market cap. I am puzzled by the fact that on this thread, the massive "short squeeze" mantra is accepted apriori, even though everyone knows how small the float of AMZN is, and even though the shorters on this thread keep complaining that there have not been shares readily available to short, and apparently there haven't been any for a long while. This gap in logical thinking is really something to behold. I am not sure what your drivel about pavement means- very odd. Victor