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

To: UFGator93 who wrote (12727)	8/6/1998 4:17:00 PM
From: Jan Crawley	Respond to of 164684

Heya, do I have to make money on this "ugly duck" everyday!! Rob, Damon, and all, We need more TA from you guys.

To: UFGator93 who wrote (12727)	8/6/1998 5:47:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

We could continue to see a technical rebound. The buying was on lower than normal volume and was much lower than yesterday when it sold off. We could see a move up toward 112-115 on the rebound which will set up another round of nice profits for short-sellers. The real slide down in Amazon.com may not occur until latter this fall when sales and earnings (losses) figures come out. The figures will show erosion of momentum and market share which should be enough to kill off a lot of the enthusiasm for the stock. Expenses will continue to mount as sales growth slackens further into next year and the stock price will move down because of that and the increased dilution that is coming available. The true folly of Amazon's high spending ways (The Amazon.com VC and insider enrichment program) will take a while for the dense Amazongonenuts bulls to understand. The general hype that surrounds the internet phrenomena is likely to keep a fresh group of stary eyed speculators throwing their money at the company. The investment bankers, venture capital firms and insiders know this will allow them to sell their blue sky enterprise for inflated prices until the story unravels to the point that it is so obvious that the facts can't be glossed over with glowing sales reports. For the next couple of months a lot will be determined by how well the inet stocks and general market do. I expect Amazon to do worse than other stocks in the sector because of the dilution and defocusing of efforts that the recent acquisitions will cause. The vision isn't nearly as clear to many investors. A lot of investors may also ask themselves "Why did Amazon.com need to shell out nearly $300 million worth of stock and options when they are supposed to be a "technology" leader in their field?" After the rebound, I think Amazon will move down toward the 70-90 range in September to October. The latest internet page hit numbers I saw indicate that Amazon's web traffic has slowed significantly from last quarter. Does anyone have figures for Barnes & Noble and Borders? These would be useful in confirming the trend of increased competition and loss of market share.