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

To: Jan Crawley who wrote (10383)	7/14/1998 8:30:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Jan, I've been with you for several months now. Please this is not a stock to let your ego, get hurt by. Trust me (I've been there).

To: Jan Crawley who wrote (10383)	7/14/1998 9:50:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

Yes Jan, intelligent bears are having fun here. Please buy all the Amazon.com your little heart desires and we'll see how ya feel about it in a few months. ---- I have changed my a bit about the short-term trend in Amazonianut.com. The bulls seem to be returning to buy more stock at the inflated price despite fundamentals and less than needed long-term performance prospects. I think we may be in for a couple of days more rally if the tech stocks aren't taken down by Intel's bad numbers. The MACD, stochastics, and RSI are still in a negative trend but the momentum may have shifted. Maybe just a feeling. The new issue of Forbes has a glowing article on the internet companies, including Amazon.com. It acknowledges that the internet will change the face of commerce more and more rapidly than any other technology that has come before it. That part they did get right. I think what the editors fail to understand is that the internet is not just a broadening of the TV but a whole new media that will organize society along new lines - distributed commerce and human interface. Sure traditional things like market momentum and name recognition matter, but the technology differs greatly from the broadcast technologies that have preceeded it. Business will not tend to coagulate in the veins of a few early entries. It will flow more freely than ever before with no market hegemony acruing to the early adopters. IN essence, I they put too much emphasis on whatever they construe to be Amazon's technology and infrastructure advantage and too little emphasis on the growing fray of competitors and increased price competition. IN the long run, Amazon.com's current valuation will prove to be folly. In the short-run, the under-educated media types will continue to laud praises on the early adopters and the attention will periodically draw increased attention to this marvelous new technological wonder. That will cause unbridled enthusiasm for the stock. Hey, I expected a rebound from the sharp drop and now we've got it. Maybe it will just be that or maybe the imaginations of investors, spurred on by the media, will get the best of them and the stock will continue to move up despite better reason. In the longer-term, the reality that there is competition and that the market is not infinite will creep in. Amazon.com will not evaporate or go bankrupt, IMO, but the current value will be taken down over the next six months as the media and market gain more savy. Let's see how this move up shapes up. Maybe it's time to take some profits and wait for the next shorting opportunity. I don't think the move will not last long and won't move past the 122 level. We'll see.