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

To: H James Morris who wrote (5919)	6/13/1998 1:02:00 PM
From: H James Morris	Respond to of 164684

Glen something to think about over the weekend. < Shorting is a tough business, and it is easy for people to criticize them. You need a very strong stomach and deep pocketbook to short a momentum stock like AMZN. I don't have the nerve to short it. I don't think it truly is a short candidate right now. To short a stock, you need something that will eventually bring it down. In this case, the event is the realization that this company is greatly overvalued. No surprise there. The issue is, however, whether anyone really cares right now. I don't think so. They are dreaming of the year 2002, or 2005, or some year out there yonder. Then, reality may set in. Maybe not. Amazon may actually make money by then. Bezos is very smart. He has sold very few shares and intends on becoming the next Bill Gates, based on an article I read in a magazine about him and his dream. I don't know that I would have the nerve to short him. YAHOO shorts have gotten killed, and generally speaking the investment community has embraced this destination as the #1 destination among destinations in cyberspace. I think it is a difficult short, an impossible short. UNLESS YOU CAN STAND A LONG PERIOD OF VOLATILITY. I would not criticize the shorts for looking at their computer screens. I believe they are correct that AMZN is overvalued. The problem is that most people just don't care right now. It may be along time before they do. >