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

To: Tradegod who wrote (7627)	6/25/1998 5:34:00 PM
From: Paul Merriwether	Respond to of 164684

<< As somewhat of a contrarian, I have observed with interest some of the other stock runs that defy gravity. Iomega, Presstek, and Dell come to mind. In these three stocks, visitors to their threads could hear emotional enthusiasm and a somewhat "reasonable argument" for the explosive growth in "earnings" >> Good post. I was going to make the same observation(honest :) ). Or maybe its just too obvious that its a story stock with the plot being "walmart of the net", whatever that means!

To: Tradegod who wrote (7627)	6/25/1998 5:56:00 PM
From: marie fouchia	Read Replies (1) \| Respond to of 164684

The answer is this: it has the coolest name: AMAZON--and its ticker symbol (AMZN) is short (appologies to the shorts) for AMAZING. It has a cool website, its name is synonomous with "internet", and it has not dissappointed its investors YET. Earnings, Shhhmernings. I love AMAZON. Yes, it will crash--but there has been no indication of that yet. Momentum dead? That's a laugh. So it took a pause to look over and see that MSFT is down over 3 points, the NASDAQ is correcting, and it needs to "burp" a little (pig that she is) after stuffing herself for the past 3+ days. What a great run so far! Best I've seen since IOM. I won't try to argue it has any basis for it. And I don't advise other than day/very short term trading at these levels. I am happy. I made some decent money, and I deserve it. I am not holding any position now (Well, except for those few ridiclous "puts" I bought when she was at 70 , but looking forward to the morning "dip" and continued upward momentum. If not tomorrow, than Monday. I will be watching how she trades with baited breath--trying not to let her, or any of you psyche me outta my just rewards. Later...

To: Tradegod who wrote (7627)	6/25/1998 10:10:00 PM
From: put2rich	Read Replies (1) \| Respond to of 164684

My impression is that those who buy a lot of CD's (like teenagers or low middle class) love to go to stores to shop and normally do not have computers and internet. They don't have patience to go to computers turn it on and log to the net. Most baby boomers who have high income rarely bought many CD's and even books - what is the time to make money to pay the bills, the time to search/play with the net, the time to listen/read CD/books. Not counting about competitors as stores, mail-orders and may be a looming recession 1 or 2 years from now. With so much money spent on CD's/books/new stuff where the money to buy just 1 share of amzn. Any knows the number of employees at amzn? If they have 300 then each employee is worth just 16Millions. What happens to the float if many want to cash out their stock options to retire? Do they believe that if they work harder for 5 more years their stock might be worth $200 or $500 a share? No need to be a rocket scientist to figure out.

To: Tradegod who wrote (7627)	6/26/1998 3:22:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

Yet where are the proponents for Amazon? What is the argument for explosive growth that would almost triple the stock price in 2 weeks. Other than low margin cd's are there revenue/profit opportunites that have not been factored in? AOL announced some time ago that they were raising prices and the stock popped. They could do that and flow it to the bottom line. Can Amazon? There's B & K, and borders, plus NTKI and CDNW. I've seen stocks explode to the upside, but most have been because news of phenominal potential. There is nothing new. Yup! But this is precisely why the stock went up so fast. Too many people bet against AMZN 'cos it was a no-brainer. Now, with a small float, all some hedge fund guys need to do is squeeze it a little and bewildered shorts will be forced to cover!! I know; I was short and had to cover at $49; thank God! I am confident that AMZN will fall to the low $30s or so; but who knows when??? After it goes to $200?? I'm not willing to find out with my money on the line. --Olu E.