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

To: Bald Man from Mars who wrote (8617)	7/2/1998 5:06:00 PM
From: Oeconomicus	Respond to of 164684

Bald man, would not have been a good strategy today (or recently), but it makes some sense as AOL looks like a bargain relative to this one. Unfortunately, any strategy that makes sense based on an antiquated concept like relative valuation is probably doomed. Enjoy the long weekend. Bob

To: Bald Man from Mars who wrote (8617)	7/2/1998 5:43:00 PM
From: Jimbo Cobb	Read Replies (1) \| Respond to of 164684

Personally, I think AMZN should easily be able to support a $20 BILLION market cap, so at current valuations, the stock could easily triple before it slows down at all...it is only just over $6 BILLION now. This baby could approach $500 over the next year, but of course, they should split it 4-for-1 before it gets that high !!!! GO AMZN !!!!

To: Bald Man from Mars who wrote (8617)	7/2/1998 7:22:00 PM
From: tonyt	Respond to of 164684

Lot of coverage today by Bloomberg radio [they are attributing the rise in internet stocks to 'takeover rumors' by AT&T and 'others' -- I guess they don't have an explaination for the rise either :-)]. Look for continued coverage in the weeks up to Q2 results. The increased coverage is indicative of a 'top' which I see above 150 by Q2 results, then it will most likely pull-back as 'summer slowdown' sets in (folks are buying 2001 earnings, but they will dump at the first sign of trouble). Soon the short-squeeze will turn into margin calls on the bulls as AMZN moves down. "Amazon -- the next Iomega!"