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

To: S.Pete who wrote (13093)	8/10/1998 11:00:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164687

Yea, that's great. Amazon.con raps $31 around every book they sell (net cost of a customer acquisition) and now will give away a service. This IS something for speculators to get all excited about! Maybe if they give away a copy of MS WIN 98 with each book purchase they may get even more hype and push the stock price up further. This stock is wearing down - the momentum on each successive attempt to rally past this level has grown weaker and weaker. The short-selling has diminished (there is still a large ratio of shorted shares but it is 1.5MM less than a few weeks ago and shares are available to short at several brokers - this lessens the chance for a short squeeze). The logic of this stock is simple: Amazon.con is going deeper into debt, diluting shares, making the VCs and insiders rich (who have registered at least $150MM worth for sale) - all great reasons to continue to bid the stock up.