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


To: UFGator93 who wrote (14137)8/20/1998 9:44:00 AM
From: OtherChap  Read Replies (2) | Respond to of 164684
 
>I guess their market cap should triple in about a month.

Actually, AMZN's stock price should be divided by three in about a month. Already down bigtime today!

This press release is finally showing amazombies that _oh no_! big existing bookstores can repeat EVERYTHING amazon has, without even blinking. Look for amazon's price and BKS's price to converge around 60 within the next week or so..

Folks, we've been waiting for an announcement or major "catalyst" to make this dog of a stock collapse, and I think we've found it!! Amazombies like to think their stock exists in a vaccuum, outside the realm of competition. GUESS AGAIN, SUCKERS.

Whoever is holding Aug 130 puts, good luck man! I'm sticking with the Sep 130 puts myself, I want to catch more of the giant fall.. I'll roll over into the Oct's in a couple weeks.




To: UFGator93 who wrote (14137)8/20/1998 9:48:00 AM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
BTW, I think today can be considered the same as when Microsoft got into the browswer market- that marked the beginning of the end for Netscape stock.

I believe today marks the end of Amazon's ridiculous market cap fantasy. Investors will look at BKS stock price of 39 and wonder how they can have a market cap that is less than half of amazon.

Can't wait to see the close!!