To: James P Anderson who wrote (4670 ) 8/27/1998 6:18:00 PM From: don roberson Respond to of 15313
From the historicals of AMAZON. Wednesday, Mar 4 1998 12:11PM ET Reply # of 14860 INSIDERS ARE SELLING!!!!!!!!! ANOTHER FILING ON MAR 2 /98 ALL TOGETHER 21 FILINGS SINCE FEB 4/98 Wednesday, Mar 4 1998 12:30PM ET Reply # of 14861 << INSIDERS ARE SELLING >> This is going to happen. Man! These people will be millionaries for God's sake. This is typical for an IPO after the shares are released. I'd sell some shares too. The thing to do is take advantage of this if you're long. This selling will dry up once every insider who wants to cash in does so. Candle stick Wednesday, Mar 4 1998 1:12PM ET Reply # of 14862 >>>This is going to happen. Man! These people will be millionaries for God's sake. This is typical for an IPO after the shares are released. I'd sell some shares too. The thing to do is take advantage of this if you're long. This selling will dry up once every insider who wants to cash in does so. <<< You can't be serious? Are you aware that the float is 3 million shares and the insiders own 19.3 million shares? How does one "take advantage of this if you are long" other than selling your stock?...........;^) Wednesday, Mar 4 1998 2:27PM ET Reply # of 14863 $70. is looking like a very important support level. Better sell some CDs quick. So, Ken, after the insiders get out to buy some bigger houses, cars, etc...can we count on them to come back at about $15 or $20? By that time we should be cash flow positive. Wednesday, Mar 4 1998 3:43PM ET Reply # of 14864 Rats! I knew this pop was coming....hourly stochastics were at almost zero at 3 pm, and AMZN is prone to end of day pops....oh well, next time.....I dont expect AMZN to spend more than 2-3 hours more trading above 70......;^) Wednesday, Mar 4 1998 4:20PM ET Reply # of 14864 Are you seriously saying Amazon has more name recognition than either B&N or Borders?!!! I suggest you poll few of your neighbors around your home and I think you will see who has more name recognition. As far as vision goes, you needed the vision when AMZN stock was $15, not $75. edit- I see others have responded to this post already. Sorry for beating a dead horse. Wednesday, Mar 4 1998 8:35PM ET Reply # of 14864 Ken, do you seriously think that being bullish on AMZN in part because there are so many vocal bears on SI is contrarian investing? Part of any good contrarian pick is that the stock is unloved and undercovered. AMZN is neither. That fact that even many (if not most) bulls on the stock acknowledge that it's valuation seems extreme does not mean that it is, in fact, reasonably valued. It simply means that complacency and greed have overcome common sense. Thursday, Mar 5 1998 2:59PM ET Reply # of 14866 CHECK THIS OUT!!!! Not long ago i went to amazon.com to try to buy the book "Titanic" and noticed it would take more than 3 weeks for them to ship the book to me. i was frustrated and went to barnesandnoble.com and found that the exact same book could be at my door in 2-3 days for the exact same price. WHATS WITH THIS? AND HOW IS AMZN EXPECTING TO MAKE MONEY LIKE THIS? Thursday, Mar 5 1998 3:44PM ET Reply # of 14866 Why would this dude keep on going up when everyone knows that it will not make any money for the next ten years !!! Thursday, Mar 5 1998 8:24PM ET Reply # of 14866 I've got the margin, and I'm short AMZN, and ready to ride it it all the way up to 100 if necessary. IMHO, this is a much better short than RMBS because AMZN has not (yet) had the sharp selloffs that RMBS has had to shake loose some of the fruits off the trees. BTW, I'm *very* happy with shorting XCIT @ 49 3/4 the other day, and not too worried about shorting YHOO @ 73 What goes up will come down, eventually. Now if I can only sell some more AMZN @ 80+ ... Once Barnes and Noble and Borders get a good web presence, and a web marketing strategy tied into their stores, AMZN will lose customers like crazy. Hey, look at Victoria's Secret and the tie-in between their stores and their mail order. If you want to go in to the store and try it on, you can. After that, when you know what fits, you can order it from the catalog. People just love to browse a bookstore. Half the time, the things they buy they had no idea they wanted when they walked in. I see tremendous potential for Barnes and Noble and Borders to use the net effectively to get rid of their overstock and remainders at a big discount, with targeted e-mail price lists for people who browse their sites and sign up for the "weekly specials." Think about how supermarkets draw people in with things on sale, at or below cost. AMZN can't do that for long without racking up a heck of a lot of debt because they don't have a lot of excess inventory.