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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (10112)	6/16/1998 5:24:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

Good evening, Roger. Any thoughts on how close to an end this frenzy in AMZN might be? The thread is getting kind of amusing with some new longs actually wondering aloud whether this run is due to buyout speculation and others simply spouting the same brand leader, "they've already won the space", "much more than books" lines we've been hearing the whole time that analysts have been cutting estimates. These new longs, with a few exceptions, seem to be "true believers" rather than momentum daytraders, so the question is whether there are more of these out there or whether we've gotten to the greatest fools now. Speaking of burning cash on the Internet, I'm not sure I will make any further bets on it, but I can still learn something about the dynamics of a frenzy, right? Bob