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

To: Jan Crawley who wrote (15902)	9/3/1998 6:06:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Jan<Amazon.com The Seattle-based online retailer of books and CDs took a substantial hit Monday and yesterday, losing more than $25 a share. But it came roaring back today, shooting up $8.172 to $88.125 near the close. Amazon.com stock was the star of Wall Street earlier this summer, rocketing by nearly $100 in the span of a month and peaking at nearly $140 in July. But many analysts and investors question whether the company, which has yet to turn a profit, has the earnings potential to match its share price. Mitch Bartlett, an analyst with Piper Jaffray in Minneapolis, has stuck with a "hold" rating for Amazon.com since it eclipsed $100 a share. In analysts' lingo, that means those who own the stock should hold on to it, but Bartlett isn't recommending that anyone buy it. "In relation to other values on the Internet, it's still expensive," Bartlett said. Despite his rating, Bartlett said he's a "massive believer" in Amazon's potential, name recognition and underlying business principles. "There will come a point where it looks attractive," he said. > For a company that cannot return black ink to its shareholders until 2003. What is the point where it looks attractive?

To: Jan Crawley who wrote (15902)	9/3/1998 8:40:00 AM
From: Glenn D. Rudolph	Respond to of 164684

I think that you have improved your Amzn position by about 20% in the past week or so(from 137 to 65), that's no small miracle. :)) Jan, This is true. We can all examine our existing Amzn positions and try to find "competitive advantages". For a larger box, maybe writing calls/puts at high/low ranges for large premiums is a consideration. I amy sell some naked puts today if the stock falls far enough. I cannot wacct the market most of the day today:-( Glenn