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

To: Skeeter Bug who wrote (15674)	9/2/1998 7:42:00 AM
From: gizelle otero	Read Replies (3) \| Respond to of 164684

NOTE- - - Keep Your Trading Statements for the SHAREHOLDER LAWSUITS but don't expect to get any money from the lawyers! Legal firms are probably looking at publishing a notice soon for a lawsuit against Amazon on behalf of shareholders harmed financially by Amazon, it's corporate officers, and the underwriters specifying unnamed damages as a result of false or misleading statements made by company officials. The result would be issuance of tens of millions of warrants entitling shareholders of record from June until now to receive more shares of Amazon if the price ever gets above, say, $90 again (fat chance). The result is a concrete ceiling on the stock (as if it needed one). The little guy and the big guy are praying they break even on this stock, but you and I both know that will not happen. Also, I wouldn't rule out secondary offerings and an unraveling of the latest "deals" to buy other companies. These "deals" were based on financial arrangements involving transfer of funds (share basis) Amazon no longer has available. Amazon's burn rate is now large and accelerating. With the upcoming BarnesandBoble.com IPO and several others announced, we could see sales actually go down on a real basis before the end of the year. Barron's called Amazon.com a "fantasy stock" in their latest issue. I encourage all still in the stock to read the Barron's article as well as the recent Business Week article in which they stated that Amazon's newest product line could dilute sales, engage Amazon in a battle with Yahoo, and seriously damage their business model. Value line has a base price target of $60 for the stock in 2001-2003 if everything works out splendidly. The valuation of this stock is $3,800,000,000 (3.8 BILLION dollars) right now. That is greater than either Barnes and Noble, Walden Books, or Borders. Think of the idiocy of that valuation! All the stores these companies have, real estate holdings, etc. are being discounted because one start-up company is actually selling books on the internet. Amazon.com would have to sell a book a year to EVERYONE on the net to actually make money in the coming few years. They are supposed to LOSE money until they run out of money. Check Zacks or I/B/E/S or any other service and you will see NO one sees this company earning money. The 12-month price target is $46/share for the stock from BULLS. Many BEARS, including myself, see the stock trading below $10.00/share by this time next year if it trades at all. People, books are IMPULSE items. You go to a bookstore, browse, and buy a book that you see interests you. You do not go on the internet and buy a book anymore than you go on the internet and buy a CD or a TOY or a CANDY BAR. If it was that easy to sell books, book stores would close their doors and just take orders over the phone and FED EX the books to customers !!! The reason Barnes and Noble and Borders have coffee shops is to keep you in the store until you buy a book. They know books are not a purchase like TOILET PAPER or FOOD that you must have to live. This stock (in my opinion) will trade below it's IPO price by the end of the year. Good luck to longs but at these odds you are much better off in Vegas or buying lottery tickets.

To: Skeeter Bug who wrote (15674)	9/2/1998 11:03:00 AM
From: Rob S.	Read Replies (4) \| Respond to of 164684

I think NZMA will find a new range for a while and will likely pull up from here a bit. I don't expect it to shoot up to 130 anytime soon but the 95-105 area is reachable. I don't think it will move down to bellow 70 anytime soon and probably will not drop lower than 80. This is based more on gut feeling for the market and expectations that inets will get pumped up again by the brokerages who want to hype their IPOs than TA of the stock. I sold some puts on NZMA yesterday and will sell more if it drops again. It's risky until a support level is established but for now, I'll go with my "gut feeling". As for the "value" of NZMA, my opinion hasn't changed at all - I still think it is grossly over valued.