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

To: Rob S. who wrote (10389)	7/14/1998 10:08:00 PM
From: Bolder	Read Replies (3) \| Respond to of 164684

Even the 'bears' are now trading AMZN on the long side. If this isn't a signal of a 'top' I don't know what is!

To: Rob S. who wrote (10389)	7/14/1998 11:58:00 PM
From: umbro	Read Replies (2) \| Respond to of 164684

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. Here's the Forbes link: forbes.com And an excerpt on Amazon/Bezos: As recently as a year ago no one gave Jeffrey Bezos and Amazon much of a chance against Barnes & Noble's cash and brand name. Internet pundit George Colony of Forrester Research has the ignominious distinction of calling the company "Amazon.toast." Toast, indeed. In the last year Barnes & Noble Chief Executive Leonard Riggio has thrown everything he has against Amazon.com, yet from the fourth quarter of last year to the first quarter of this year Amazon's revenues shot up 31%, to $87 million. Barnes & Noble's on-line business eked out a 14% gain, bringing revenues to a measly $9.4 million. In the process, Bezos may be redefining retailing as fundamentally as Sam Walton did when he opened his first Wal-Mart store in Rodgers, Ark. in 1962. In three short years Amazon has become the third-largest bookseller in the world, selling an estimated 57,000 books every day during the first 90 days of 1998. To help put that into perspective: It took Wal-Mart 12 years and 78 stores to hit $168 million in annual sales. Amazon hit $148 million in its third year, and should hit $460 million in its fourth year-all without opening a single store. Now it is branching out into music, and after that? Amazon's sales growth mirrors the rapid increase in the ranks of Internet users. It took commercial radio 38 years to reach an audience of 50 million in North America. It took commercial television 13 years to do the same. It took the World Wide Web five years, and the steep adoption curve is continuing. Bezos and the 12 other guys profiled here have one thing in common: They didn't wait around for the Internet to prove itself as a commercial medium before jumping in with both feet. Each started his own company, and 10 remain chief executive. All of the companies are public, have solid holds on their markets and together have created $22.7 billion in new wealth-not just for the founders, but for their employees, their backers and investors in general. Bezos' story is well known. Four years ago he was a hedge fund manager at D.E. Shaw & Co. Today his company is worth $4.4 billion. Jeff's share? $1.98 billion.

To: Rob S. who wrote (10389)	7/15/1998 1:51:00 AM
From: Tenpole	Read Replies (1) \| Respond to of 164684

The MACD, stochastics, and RSI are still in a negative trend but the momentum may have shifted. Fast Stochastic has just crossed, RSI turned up but ADX is declining. It is the MA's that I find interesting at the moment (7,14). The recent advance used the 7 dMA as support, touching it 6/19, 6/20, 6,30, 7/1. It then broke it with a gap, stopped, broke the 14 dMA with a gap before coming back to the 14 dMA as resistance and then yesterday closing just above the 7 dMA. The 7,14 is converging for the first time since all of this began. What price a cross to the downside? T