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

To: Rob S. who wrote (14298)	8/21/1998 9:01:00 PM
From: H James Morris	Respond to of 164684

Rs< I can't tell when the bubble will finally burst> Who can? Except Abbey Cohen. Do you think that your Wall Street's No2 prophet?

To: Rob S. who wrote (14298)	8/22/1998 12:34:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>The effect of increased competition SHOULD BE NEGATIVE to rational investors because it is counter to the fantasy that Amazon is worth the astronomical price. But reason isn't what is driving AMZN but the basic supply and demand for the stock What competition? "Competition" isn't effective unless it reduces Amazon's share. The stock market is more rational than you believe, particularly during sobering moments like these. >>I think that the stock should move down due to the release of some shares post options expiration but have a more difficult time reading the reaction to the BKS IPO. Nobody cares about the BKS IPO. If they cared, Amazon would have lost value at the prospect of a comparative valuation to B&N Online. Barnes and Noble has no momentum online, and barnesandnoble.com is not open-ended like Amazon. $12 million in sales with the kind of effort they made should be quite worrisome for them.