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

To: UFGator93 who wrote (9472)	7/8/1998 1:38:00 PM
From: freeus	Respond to of 164684

Thanks Damon, Being my first short it will be hard to hold. I think I'll take the kids to the movies and try to relax. I see support way back in the high 40's or early 50's. Of course I dont know that that means much these days on these internet crazies. I do think Amzn will go back to the mid 50's or so. Do I have the stomach for this, is the question? It took me many months to be relaxed about margin even though all I have on margin is Dell and Msft, couldnt be much "safer" (if there is such a thing. ) Of course as Libertarian I'm more risk than I am safe, in philosophy. freeus

To: UFGator93 who wrote (9472)	7/8/1998 1:55:00 PM
From: UFGator93	Read Replies (1) \| Respond to of 164684

AMZN starting to show some strength now. Just popped over 110 for a bit. Might test the 113 open level by close, I'd guess.

To: UFGator93 who wrote (9472)	7/8/1998 1:57:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

My guess is that Amazon will move up to around 112 before the close and then finish nervously to around 110. Yahoo! is much better positioned than Amazon as their product is information in the form of data service and advertising. They get the cream off the top regardless of how hard the web merchants screw themselves to the wall on margins. The market hasn't realized that yet. Amazon is a great company and a leader but their basic business model will be under increased margin pressure because of the ease of competition in marketing products on the internet. The under-educated will continue to be in love with the stock even at these high levels - so we could get a rally with a positive Yahoo! report.