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

To: F The who wrote (8027)	6/29/1998 5:49:00 PM
From: Clark Wang	Read Replies (1) \| Respond to of 164687

Don't worry. If you stay on this thread, you'll become an expert soon. I come to visit this thread from time to time. You can go back to the beginning and read the postings by a fellow called CanStick. This guy has been so bearish since AMZN broke out 30 (IPO trading range, pre-spilt). After almost one year of constant pain, he finally realized AMZN is just a symbol for trading. It has little to do with the company. Recently it appears that another fellow has taken the honorable position held by CanStick. The same arguments and questions just reappear again and again. Wish you all make money on this one.

To: F The who wrote (8027)	6/29/1998 5:52:00 PM
From: IceShark	Read Replies (2) \| Respond to of 164687

Felicia, Window dressing is a bullshit myth, summer rally is another matter. If Japan looks to be solving its banking crisis, which Bill Seidman of RTC fame thinks they are now serious about doing and Sumitomo has started the ball rolling, this rally could be breathtaking. I should be holding my nose and buying, but I just can't. Seidman was on CNBS last week. He is consulting with Nippon Government and said he believes they are going to do something this time because they keep calling him with questions every half hour. Seidman knows his stuff and I would put money on his tried and true nose every time. Regards, DWW

To: F The who wrote (8027)	6/29/1998 6:46:00 PM
From: e. boolean	Read Replies (2) \| Respond to of 164687

For years I have heard the window dressing theory debated back and forth, and I've tended to discount it. But in a high-flying, image-oriented market like this, I've come to believe it is real. Portfolio managers want to have the names of the "in" stocks listed as part of their holdings when the lists are compiled at the end of the quarter, so there is a rush to buy those stocks. Then, once the new quarter begins, they are free to dump them. The impression made on the gullible investor is that portfolio manager "X" is so clever, he was in Amazon during the meteoric rise - even if the manager was actually only in for a bit, and at a loss. The details of the gains on each holding are not disclosed, so nobody is the wiser. If there is window dressing going on, it's one last leg of support for the stock that will be gone soon. e.b.