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

To: Jan Crawley who wrote (11049)	7/21/1998 2:33:00 PM
From: Rob S.	Respond to of 164684

Jan, yes I do see them as short selling. I wouldn't be surprised if some of the insiders are among the writers - a way to sell their own company's inflated valuation without having to disclose the information to the feds or otherwise to investors. I am anxiously waiting for the earnings to come out and for the conference call. Maybe this will show up like Yahoo! - AMZN could report higher sales, in this case spurred by accelerated advertising and promotional programs, but even if analysts buy into that extravagant purchasing of short-term results, the higher sales may not be up to the market's inflated expectations. Emotionally, the market for internet stocks reminds me a lot of how it felt during the summer of '87 before the big market crash. Speculation ran rampant for many companies that had no earnings and inflated prospects. Even many highly educated and intelligent people wanted to jump on the bandwagon to what they saw as sure-thing riches. It was mad. I didn't take advantage of the situation and stayed pretty heavily invested when the crash came. Many of the highly inflated "darlings" went down in flames. The solid companies, with real sales AND earnings came back within six months, many of them moving on to yet higher levels. Overall the investment community thinking is likely to be overly focused on the sales side of the equation and won't fully recognize the transitory nature of internet "real estate" that Amazon.com thinks they are buying. They will just keep paying and paying and paying.