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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Don Westermeyer who wrote (11912)7/22/1998 9:23:00 PM
From: put2rich  Read Replies (2) | Respond to of 18691
 
Don,
How they hyped amzn earnings announcement like they beat the estimated loss? I guess tomorrow some naive bulls will pile in the stocks but funds might start to get out. Stock price is high since they think amzn will take all the market shares and will be profitable soon, but CEO warned of unsustainable rev. growth as well as the fear of competition from B&N must scare people who want to pay $134 for a share.
I think a sell off tomorrow and later. Am I wrong here?



To: Don Westermeyer who wrote (11912)7/22/1998 10:19:00 PM
From: Peter V  Read Replies (1) | Respond to of 18691
 
Don - on all the internet financial news sites, all they mention is that AMZN beat estimates. No mention of slowing growth, the fact that the loss per share tripled from last year even though sales quadrupled, or that the loss was diluted by additional shares. Not good for the bears, but I've given up trying to predict the short-term movements in AMZN.


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