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

To: Ken Pomaranski who wrote (15419)	8/31/1998 4:50:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

Good luck to all! I hand my head to the bears for this round! KP, we don't want your head, we just don't want you hurt! Anyway, hope that you sold for a profit, or still deep in black. However, The jump from $43 to $143 in 30 days was not due to e-commerce at all!

To: Ken Pomaranski who wrote (15419)	8/31/1998 4:54:00 PM
From: Peter Bernhardt	Respond to of 164684

Will e-commerce take off? If you say no, then shorting works. If you say 'yes', then you have to realize that Amazon is in the best position (by far) of any e-tailer. hands down. While I agree that the collapse of high-flying internet stocks has been abetted by the most vicious and broad-based sell-offs most of us here have ever seen, there are plenty of sound fundamental reasons why AMZN was overvalued and ripe for a drop. Plenty of good technical reasons, too. And they have nothing at all to do with the future of e-commerce. In fact, it may be the one thin reed of hope for those looking for AMZN to rebound that a company valued at such a high premium to future performance (even after a 40% drop!) cannot be definitively determined to have reversed course based on a sober reevaluation of its fundamentals. We may look forward to such a reevaluation when Amazon reports earnings this fall and beyond. - Peter B