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


To: Rob S. who wrote (11452)7/23/1998 2:34:00 AM
From: put2rich  Respond to of 164684
 
<<Covey said that Amazon.com expects only flat to slightly increased sales for this quarter To my knowledge, this is the first time that Amazon.com will not achieve large rates of sequential growth. >>
Thanks Rob for the report. This line is a death knell for any momentum stock, even it is the internut. And you are right that we should short if it moves up higher, a couple more days it wil be down much lower than 94. (just my opinion and have plenty of margin)



To: Rob S. who wrote (11452)7/23/1998 3:07:00 AM
From: Ed Zhao  Respond to of 164684
 
>>Covey said that Amazon.com expects only flat to slightly increased
sales for this quarter<<

If we assume 60% of the current 3.14 million customer will place new orders (see my previous post) and if they will add 750,000 new customers, the current quarter revenue would be approx. $135 million.

XZ