Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (10200)	7/13/1998 7:36:00 PM
From: put2rich	Read Replies (2) \| Respond to of 164684

On Yahoo message board they said amzn traded at 98+ in the after hour and at 1700 shares or some. Also CDNOW has the best search engine for CD titles. (Should have lock in the profit then reshort higher)

To: Glenn D. Rudolph who wrote (10200)	7/13/1998 7:43:00 PM
From: Robert Duncan	Read Replies (1) \| Respond to of 164684

Glenn, Hi. I sold my July 110 puts last Friday for 11. (bought them at 6 3/8) Provided AMZN opens at or slightly above where it closed, do you see buying those puts back at the current price of 6 1/2 as a good move? In other words, do you see more downward or upward bias on AMZN these last few days before expiration? Thanks in advance - I respect your opinion and consider you the expect on an short plays on this stock. Thanks, Robert Duncan

To: Glenn D. Rudolph who wrote (10200)	7/13/1998 7:58:00 PM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

Glenn: Thanks. Does anyone know if this means that concensus lost estimates went from 20 for this quarter to .43? I assume that it does. But I'm also assuming that the company guided the analysts down to these estimates some time ago, so that this does not comprise a "surprise" to the Street. Thoughts, LP

To: Glenn D. Rudolph who wrote (10200)	7/13/1998 8:15:00 PM
From: PblcSrvnt	Read Replies (2) \| Respond to of 164684

Glenn and others, let me count the ways.... 1)Major booksupplier to Amazon files to sell--at last count--350,000 shares... 2)Bloomberg announces 2X losses... 3)NPR rails Amazon on Saturday... 4)Analyst downgrades last week--follow the price... 5)Barnes and Noble is "half way there" with over 2M hits--not that I place a great deal of faith in that as an indicator of sales... 6)N2KI and CDNOW begin advertising war... 7)Everything that came before... Of all the stocks I've watched and traded over the past seven years I have never--EVER--seen one withstand even 1/10 the onslot of legitimate bad news that has been brought to the publics attention here. There is something very wrong with this picture! For Amzn to make a 14 point rally in the last 2 hours of trading, given the news out today and the history of news over the past few weeks, defies any reasonable semblance to even the most remote form of common sense and logic. I smell a DEAD RAT. This stinks beyond human endurance. I know the stock universe is large and there is a lot to watch--for the watchdog agencies--but I sure hope they are not asleep on this one. I am really starting to take this personally. You evaluate a business situation with all the common sense, experiential, and other factors(research) available, you come to what is a perfectly legitimate conclusion based solely on the business aspects, then practically every news release virtually verifies--iron clad--the conclusion you have come to, and what does the market do? It reverses its standard logic. There is almost a direct inverse relationship between bad news and stock price. As an aside, I have always entertained the ludicrous idea, as purely a Roadrunner/Coyote type of fantasy, that someday, somewhere, some scientist(I'm a physicist) would be crunching the numbers,working through the equations and realize that the concept of gravity was statistically improbable; hence, at that moment he would float away, as would everyone and everything else on Earth. Now, I would be no more surprised by that comong to pass than I am by what continues to happen with this absurdly priced ticker. If there is a market maker out there listening, would you kindly chime in with an explanation of the top three favorite methods of stock manipulation and just where the weakness in our market system lies such that illogical events such as this are allowed to happen. Thanks. I feel a tad bit better. Lee P.S. Glenn, I posted earlier on the 350,000 shares registered for sale by Baker and Taylor: www2.techstocks.com Would appreciate your thoughts on my query.