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To: Senator949 who wrote (32098)	9/1/1998 8:48:00 AM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

Robin --- I was tempted to short Yahoo @ 130 but bought it @ 192 instead,,, thankfully sold @ 201 two days later. Actually planning on buying OMKT today at this level...

To: Senator949 who wrote (32098)	9/1/1998 11:06:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Robin, I have been thinking about shorting Amazon for weeks. I posted this urge some time back. I discussed it with my broker. My broker said bad idea and then called to say sorry the next day. I had the urge again Monday and didn't do it. I guess, I'm not cut out to sell short anymore. Perhaps this is a function of age. Maybe, the long term Bull market has killed my nerve or sense of adventure. Hmm, what do permanent Bulls do in a Bear market? Buy bonds and hide? NW It's bears vs. bulls in tug of war over Amazon.com Online retailer Amazon.com also failed to participate in Tuesday's bounce after two analysts gave differing viewpoints on the Wal-Mart wannabe. Merrill Lynch's Jon Cohen started coverage of the stock with a highly unflattering short-term "reduce" and long-term "neutral." Cohen wrote in his report that he likes Amazon's long-term opportunity but said the stock must "suffer substantial share-price declines before there exists any meaningful relationship between its market capitalization and its operating prospects. Cohen also noted that Amazon will face greater competition in the coming months, especially in the book-retailing arena. Of the four factors that matter for customers when shopping for books -- selection, convenience, price and service -- Cohen said only service is not "subject to rapid commoditization in an online environment." Cohen said Amazon's stock has benefited from the continued love of other sell-side analysts. One such show of support came from Everen Securities, which raised the stock's rating to "outperform" from "underperform." Analyst Tony Blenk called Amazon "expensive" and "volatile" but upped his six-month price target for Amazon to 98 from 42 and his 18-month target to 104 from 45. The news of Blenk's rating upgrade temporarily boosted Amazon's stock, but it appears Cohen's argument eventually won out.