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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: put2rich who wrote (11197)	7/8/1998 4:51:00 PM
From: ralph keating	Read Replies (1) \| Respond to of 18691

as of 4:50 cnbc says [amzn] trading @113 in afterhours<eom>

To: put2rich who wrote (11197)	7/9/1998 8:29:00 AM
From: Bob Trocchi	Respond to of 18691

thanh dao... IMO, I believe that with the WSJ story on AMZN, it is now going to be okay for analysts to start dropping their ratings on AMZN. See small story below. If and this is a big if, AMZN's earnings (losses) disappoint, the run will be on and Roger will get to his eventual $30/share. I expect a gap up this a.m. (along with all Internet related stocks due to YHOO) then start to drop. Just a gut feel. BTW, I an neither long or short on AMZN. Never had the guts to go short, and could not justify a long position. Bob T. >>Online book and music retailer Amazon.com (Nasdaq:AMZN - news) dropped another $15 to $107 1/8 after The Wall Street Journal's "Heard on the Street" column questioned the high valuation of the company's stock and emphasized the difficulty of valuing Internet stocks. The article points out that while currently not making profits, Amazon has a market capitalization that is almost as much as that of competitors Barnes & Noble (NYSE:BKS - news) and Borders Group (NYSE:BGP - news) combined, despite the fact that its estimated 1999 revenue is less than a tenth that of its rivals. Separately, NationsBanc Montgomery downgraded Amazon to "hold" from "buy," while ABN AMRO started coverage of the company with a "hold" rating. For more on Amazon, see today's "Fool on the Hill" column below. << fnews.yahoo.com