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To: IceShark who wrote (6206)	7/24/1998 12:49:00 AM
From: Kathleen capps	Respond to of 8002

No, it's exchange2000.com Re: Amazon. It's odd that you didn't get any response. Did you figure it out yourself? Good catch, regardless. I didn't know about AMZN's tricks till I saw the briefing.com article. You know, there isn't just enough time in a day to do it all. It's hard to keep up with the messages, do some independent research, and still have a life. Good luck. Kathleen

To: IceShark who wrote (6206)	7/24/1998 4:12:00 AM
From: Dwight E. Karlsen	Respond to of 8002

Dan, re >I commented with incredulity on AMZN's release and received not a single response, and that thread is filled with bears: exchange2000.com Regards, DWW< ------- You'll have to excuse the Amazon bears, of which I was one. I mean, I still am one but no longer put my currency at risk speculating on AMZN's descent. Here we have a company with accelerating losses and sales that are one tenth the size of it's larger rivals in the book selling industry. The market responds to these facts by valuing Amazon with a whopping $6.3 billion market capitalization, or approx the same market value of the industry leaders B&N and Borders Group combined. In other words, the market evidently fully expects AMZN to take all of the market share away from these far larger competitors. Real big pieces of critical information are ignored, like for instance not all book buyers have internet access. But these days, fundamental analysis is for doddering old has-beens. F/A is out, and mo-mo is in. So even though I'm sure most Amazon bears nodded their heads in agreement when they read your post, there has been no indication yet that the market is ready to begin entertaining ideas surrounding fundament analysis. In fact, the CEO of Amazon.com (Jeff Bezos) said in the analyst CC that the company anticipates sequentially flat sales for the quarter ending Sept 30th. Not surprisingly, the market responded with a collective yawn. Amazon was down relatively modestly today (on the 3rd largest Dow point drop of the year), and on relatively light volume. The investment banking community is fully backing Amazon.com, and are not likely to say disparaging things about Amazon's accounting and/or reporting practices. Amazon.com is a client of theirs, after all.