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

To: OtherChap who wrote (13688)	8/16/1998 7:32:00 PM
From: Rob S.	Respond to of 164684

True. They may have also said, "We know it's worth on 10% of the current valuation so you need to pay us nice salaries in addition to stock options and stock buy-out. We will all hype the glorious prospects of the company to the web masses to help keep the stock price up long enough for us all to pocket millions of investors money before we ever make a dime in profits."

To: OtherChap who wrote (13688)	8/16/1998 7:33:00 PM
From: zax	Respond to of 164684

"We know AMZN stock is at least 10 times over-valued and by the time we can sell it it will be worth 12 dollars." Agreed. This also seems to suggest a good short covering price: $12 to $14. It bothers me that so many shorters are also short-termers in nature. An investment which will yield 90% return in less than one year is about as good as they come on stocks of this magnitude of capitalization. The fact that "short" profit takers act so quick allows management to have time to take profits on the way down by executing their options... which seems injust to me. But if the institutions bail out all at once (they generally require a piece of bad news to justify what they already want to do), then perhaps AMZN will make CKFR look like NSCP. Still, institutional pullout represents typically a 50% drop in stock price. The small-investors (longs) generally start selling over the course of weeks after the hard crash, so the stock drifts slowly lower after that. The pigs dieth too slowly for me, in general. I'm gonna hold out anyway, on this one. It represents a good excersize in the rewards of patience. -- Zax