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

To: Kevin who wrote (9581)	7/8/1998 6:52:00 PM
From: epicure	Read Replies (1) \| Respond to of 164684

I think it was gap up and close up on the first day, then open up but close down on the second day.

To: Kevin who wrote (9581)	7/8/1998 7:42:00 PM
From: Robert Duncan	Read Replies (2) \| Respond to of 164684

I am having trouble falling the www.fool.com article about Amazon.com. It is almost as if they are saying that it will almost certainly drop (quite a bit) more from these levels yet they are holding because they are so far ahead with market beating returns. Hmm... Didn't they follow a similar strategy with Iomega? I remember reading an article some time ago that "the fool made a great call on Iomega.. the only trouble was they forgot to tell you when to sell." I thought that was quite a striking statement. Applying that logic to Amazon, it is almost like they are faced with ANOTHER Iomega situation (i.e. ungodly gains over a short time) yet instead of taking money off of the table they are just sitting on it. Do they really think that at 108 this is absolutely THE BEST place to keep their money? I don't know, I just get the impression that they have convinced themselves that they are such great stock pickers (Taking out the AOL returns, just how great have they been?) that their picks with always go up and once a decision is made they stick with it. I really hope this stock corrects down to 30 or less so I can read about their "long-term market beating" performance. Just my two cents. Still own my 110 puts which I suppose will be much less valuable tomorrow if the YHOO fever stays with AMZN....