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

To: gbh who wrote (5947)	6/13/1998 8:40:00 PM
From: H James Morris	Respond to of 164684

OK, once again here is the DLJ Jamie report that I posted on June 5th. <I got the DLJDirect analyst report written by Jamie Kiggen (Jamie is a 'he'). If you want to talk to him, he can be reached at 1-800-922-9004, extension 8985. Anyway, this is what he says "We believe that AMZN may be one of the great Internet investment stories of the next five years, a conviction that only expands with every new piece of information we get on this company. That the Internet has become a viable retailing medium is largely due to Amazon's success at creating a 'total value' commerce experience for consumers through its laser-like focus on each of the critical components of Internet retailing. This skill set, composed of branding, content development, backend technology and fulfillment, separates it from every other Internet retailer, and when combined with its 2.3 million happily transacting customers, provides it with a massive competitive barrier, not only in its native book market ($82 billion), but in any additional vertical category it chooses to enter, such as music ($10 billion) which it is in the process of launching. Considering that a recent study by Price Waterhouse predicts over $90 billion in consumer transactions will migrate to the Internet in the next five to ten years, early Internet retailing execution should be a considerable source of value. One could make the case that Amazon today has a similar sort of opportunity that Wal-Mart had in 1970. Unfortunately, AMZN is not likely to ever be a value play, even when it pulls back as it has recently. Make no mistake, though, we believe the long-term trend for AMZN will be relentlessly positive."> By the way we have to play closer attention. When I posted this, It was immediately puffed as old news, so I lost my concern. It turns out this was yes, a reiteration, but shit, his actual report was only published and sent out to retail America on June 4th. I picked it up on Amzn Co news and was only fortunate to get the physical document faxed June 5th. Did you notice what his target price was? $62.50 ps! Was someone listening to him?

To: gbh who wrote (5947)	6/14/1998 9:58:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 164684

But I want to see a good 10% or more fall on seriously negative news before I unwind the long. Gary, Thanks for the response. I keep thinking of unwinding the long position, but haven't done so out of fear. Perhaps you are right about waiting for a correction of some measure before going with the flow and unwinding. AMZN closed at 61ish on Friday, so that would mean unwinding once it approached 55 (110 pre-split). Another gamble is to unwind just before earnings are released in July. But it is a gamble. Gary Korn