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

To: Skeeter Bug who wrote (7296)	6/24/1998 2:24:00 AM
From: Bilow	Read Replies (2) \| Respond to of 164684

Hi Skeeter Bug; About that 13/32 I pulled out of AMZN today... You have to remember it was pretty much risk free, since I was just beating the momentum players into new all time highs. Professional traders have a saying: "Missed money is better than Lost money." Which means don't cry over trades you didn't make. I only make trades where I can convince myself I have some edge over random chance. I would love to have a system of trading AMZN that would get me into all day moves, in at the bottom and out at the top. The problem is that I haven't figured out such a system yet. They only system I've got is basically scalping into new all time highs. (P.S. If you have some more ideas, please share...) And hey! I made more per minute of market exposure than average. If it had gone up 13/32 every 8 minutes for the 6.5 hour trading day, it would have gone up somewhat more than it did: 13/32 * 390minutes/8minutes = 19 3/4. One of the problems with trading AMZN is that I have to watch it every second. This prevents me from getting involved in any other trades. There are much safer stocks to trade, and I miss opportunities in them if I have an AMZN trade running. (Plus I have to change my underwear if I own the stock more than 5 minutes... :) -- Carl

To: Skeeter Bug who wrote (7296)	6/24/1998 7:48:00 AM
From: Tom D	Read Replies (1) \| Respond to of 164684

<<<btw, b&n has a higher growth rate on the net than amzn, correct?>> Sort of correct. According to what I read in Value Line Investment Survey, BKS had revenue growth of only 15% in Q1 98, vs. around twice that for AMZN. But BKS was not advertising in Q1. BKS has been advertising heavily in Q2. I noticed AMZN just started a radio campaign on the CBS radio network yesterday. Emphasis on how big AMZN is.....They facetiously try to buy the Pentagon building in order to make it into a warehouse. In another different ad, they try to buy the Boeing assembly building which houses 19 Boeing 747's. Am interested to see how many different ads they have. The BKS ads in my city are repetitive, uninspired, and simply boring. AMZN's are more playful, but I am obviously biased. In Q2, BKS should have a faster growth rate than AMZN. For AMZN, I think the street is expecting about 20% over Q1, at least thats what I heard from some analyst at Robertson Stevens. Could be a higher if there was pent up demand from the music CD business. I know I will surrender a couple hundred dollars to AMZN for music CD's before 1 July 98. BTW thanks for the strategy recommendation. Sounds quite reasonable. I am mulling it over. Best regards, Tom D