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

To: Glenn D. Rudolph who wrote (9316)	7/7/1998 10:33:00 PM
From: Robert Duncan	Read Replies (2) \| Respond to of 164684

Hi everyone! An interesting day today to say the least. I am happy that my Puts are actually back around the value I purchased them for! I would be interested in opinions on AMZN trading tomorrow. Do you think internet stocks will trade lower (perhaps sharply) ahead of Yahoo's earnings or do you think they will ride up because investors are expecting Yahoo to beat expecations greatly? On the one hand, it seems like expectations are so high YHOO has no chance of beating them. Then again, if YHOO beats earnings by 20% or more I can easily see people saying "see, these stocks have such amazing growth rates they deserve to be run up even more!" Remember last quarter when YHOO crushed earnings expectations this happened - I think from like 100 to 130 or so in a week or two after earnings. Then again, YHOO has doubled almost since last earnings so maybe this is not really a reasonable expectation. Obviously, I am simply trying to decide if I should sell my Puts on the dip (assuming one occurs :) ) tomorrow or if you see more downward pressure to follow. Thanks to all! Robert

To: Glenn D. Rudolph who wrote (9316)	7/7/1998 10:35:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Glenn, i don't believe any co. will give you a direct answer to those kinds of questions, because of a pending law suit, especially going into earnings season. However, i do expect them to beat the estimates. I do believe all the good news has been priced into the stock. Just speculation on my part right now that Amzn will trade between 106 and the high for awhile no stock split... we'll see tomorrow how Yhoo reports. It may be a bit premature, but i'm think i'm going to shift my focus to the high techs in a couple of weeks specifically, Dell.