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

To: Roger Smith who wrote (8887)	7/5/1998 2:51:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

AMZN reminds me of CSCC. Every analyst was very bullish on the stock and when CSCC dropped the bombshell, investors lost 50% or more overnight. Before that every dip was a buying opportunity for CSCC. Roger, These stocks were very similar. I was long CSCC and then went short but then long again too soon. AMZN's valuation way more extreme than that of CSCC. If I recall, CSCC hit the low ninetys as its high and finally fell to the upper twentys. CSCC had earnings right along. They did slow in growth rate. AMZN has no earnings and no book value either. AMZN is more out of line than CSCC ever was. Only thing we have to crib about is our timing in shorting AMZN is not right. I was early and never would have guessed that. That is obvious now:-) Glenn