To: Glenn D. Rudolph who wrote (12360 ) 8/2/1998 9:27:00 PM From: zax Read Replies (4) | Respond to of 164684
Glenn - You have come out firing both barrels today. You've shown a complete dismissal of bull argument after bull argument, leaving the AMZN cheerers only to counter with utter speculative notions. I'm having strong indications that we may see a thirty point drop this week. The best data I've seen from your postings relates to the end of the insider sales blackout until this Thursday. This indicates an ulterior motive of this first ever conference call placed by Amazon CFO Joy Covey to The Motley Fool, their vested interest partner. By vested interest, you know I refer to the kickback program which minimally begins with Amazon's 10% hyper-link referral fee Associates program. It is an effort to ward off the collapse of the Amazon (AMZN) stock we are likely to see this week, in a market beginning to show strong signs of bearishness. If she can talk the price up until Thursday, then she and other executive management can excersize their options . Her "you should think about five years in the future" talk, a direct speech at longs was made in full knowledge that in Jim Bezo's stated business plan the company can not justify AMZN's current valuations even by the END of this period. Amazon is different then the other internet stocks. This one is a scam with wings. I'm calling Thursday the bail date. If the institutional investors smell it coming, the crash will begin before Thursday. By crash, I refer to a 30 points drop, which both you and I know is a crash, but TMF will (hilariously) refer to it as lost gains. Feel bad for these longs, who have seen 20% of their profits evaporate over the last 30 days. They are the true ones being scammed. -- Eric