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To: Glenn D. Rudolph who wrote (15476)8/31/1998 9:59:00 PM
From: tonyt  Respond to of 164684
 
In Chat Rooms, Investors
Begin to Sound Bearish

By JOHANNA BENNETT
Dow Jones Newswires

Hang on. It could be a bumpy ride.

That's not a parody of a line from the classic
Bette Davis movie, "All About Eve," but
rather the sentiment of many people who
flooded Internet chat rooms Monday with
dire predictions of what is to come following the day's more than
500-point plunge in the Dow Jones Industrial Average.

Despite assurances by some, and pleas of calm from others, many seemed
prepared to wake up Tuesday to a continuation of the frenzied selloff that
led to Monday's plunge.

"Tomorrow is not going to be pretty, either," said "Riclan," a participant in
the Motley Fool's "Foolish Chat," a popular on-line investment forum.

Some voices called for a "dead cat bounce" -- a sharp rise in stock prices
that sometimes follows a major decline, usually caused by short-sellers
covering their positions.

"The sun will come up tomorrow. After that, who knows," said a
participant on #Daytraders, a popular chat room for momentum traders.

Monday's chat-room action was the most panicked and bearish in some
time.

In past weeks, whenever the Dow has fallen
significantly -- even as much as 300 points --
chat-room commentary has tended to remain
calm as investors insisted they were more
concerned with their individual portfolios than
stock indexes.

Not anymore.

Stock pundits and armchair investors crowded into chat rooms Monday
afternoon, letting loose a stream of panicked, and sometimes
contemplative, chatter as the Dow Jones Industrial Average plummeted in
late-afternoon trading.

With half an hour left in market action, inquiries about margin calls and
interest rates, in addition to lamentations about tanking Internet stocks and
Dell Computer Corp.'s plunging stock price, (the stock fell 8.1% for the
day) scrolled across computer screens as thousands went on-line to try
and make sense of the carnage.

"This would be comical if I did not want to retire someday," said
"Labowner," another chat room participant.

And, of course, there was that one ever-present question.

"Is it safe to say, 'Bull market is over?'" asked "Justinfair," a participant on
the Motley Fool's "Foolish Chat."

The answer depended on whom one listened to.

While some chatterboxes predicted a return to the days of soup lines,
others insisted that Monday's plunge wasn't an awakening bear, but the
wake of international currency problems or a major market correction.

"This is not a crash...but this is really, really bad," said one participant in
#Daytraders. "Let's try and control ourselves on the short side."

"This market is going to keep falling on anything until the stocks get back
to fair market value," said "curious1," another participant in #Daytraders.

"Anyone jumping out of high rises on Wall Street?" asked one participant
in #Daytraders.



To: Glenn D. Rudolph who wrote (15476)8/31/1998 10:28:00 PM
From: zax  Read Replies (1) | Respond to of 164684
 
Duplicate of post to boards.fool.com

8/31/98 AMZN Challenger Replay

400% Foolport perfomrance? Never, ever match its performance? With a single short?
Never is a VERY LONG TIME. Equal, in fact, to when AMZN will be profitable, by any reasonable
accounting measures.

Michael, and Scottie eh? I'm a Rockets fan myself. And not Korean ones.

Amazon is still MUCH more highly capitalized than the major, well known and profitable real
world
booksellers, with internet presences and REAL WORLD BRANDED, Barnes and Noble, and Borders.
Through the majical effects of dilutive options excercized, we have AMZN no differently valued
in proportion to its competitors than it was one month ago, at its peak. Is this majic?

As of close Today 8/31/98, what some might call a down day. I would propose to AMZN holders
that they have not yet seen a truly down day for this tabby. Lets look at the NUMBERS.

TICK CAP URL

AMZN 4,141,605,000 amazon.com

BKS 1,842,561,000 barnesandnoble.com
BGP 1,451,294,250 borders.com

KTEL 49,660,000 ktel.com

Now what you've been waiting for... today's toon:

The "Sucker" Rocket

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