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

To: Glenn D. Rudolph who wrote (16176)	9/5/1998 1:09:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

I expected it but it's gotten deeper and lasted longer than I expected. I still don't think that its as bad as it appears. But the awareness of the problem is still sinking in and is likely to effect the markets further. The small caps have been under tremendous pressure for several months - many companies with great growth and only second-hand exposure to foreign markets are trading at very low multiples even while the blue chips are trading at what are still historical highs for P/Es, P/S, P/B and other measures. One aspect of this problem I think will play out is that Reuben and other trade delegates will be encouraging foreign countries to cooperate on production and price supports for commodities, such as oil and food products. Many US companies who are well positioned to take advantage of cheap goods or have thriving domestics markets will do very well in the next several quarters. It's overdue for Wall Street to pay attention to the small caps but it will probably take until the market settles before that can happen.

To: Glenn D. Rudolph who wrote (16176)	9/5/1998 5:48:00 AM
From: zax	Read Replies (1) \| Respond to of 164684

DogPreprint Follows: -------------------------------------> Zaxbowow, notes that severely outperforming the speculative, momo, and ill advised FoolPort can be both fun, easy, and inevitable. Take for instance, Stocks like AMZN and AOL, held and hyped daily, in widely distributed press and in brokerage newsfeeds, by Fool Principle David Gardner, and Jeff Fisher, as the flaghship holdings of the FoolPort. One wonders if a Robin Hood philosophy really is appropriate for defeating people whose belief systems seem to be based upon things like the rich only get richer, the poor poorer, and who are implicitly advising people to invest in a speculatively and absurdly over-capitalized money losing company while Americans observe their indices of small caps and broader markets get destroyed before their very eyes. Well, I really don't know, but I'm just having way to much fun robbing from people who think the US stock market is to be used like a Michael Milken junk bond generating machine to not find out. Take for instance Friday, one of those rare days (since true market reality has begun to set in on the FoolPort) when AMZN went up. One might think, that the DogPort would inevitably have to underperform the FoolPort, whose primary speculative holdings, AMZN and AOL have been dubbed "Michael Jordan" and "Scottie Pippen" by TMFJeff. Zaxbowow says, NOT. Any up day for a foolish holding, is just one more opportunity to increase ones socially responsible investments and inevitably FoolPort outperforming returns. Lets just demonstrate, again, how easy it is to pick a rich and arrogant man's pocket. Mind you, we have already demonstrated how easy it was to steal from the FoolPort's AOL holdings on an up day for the stock. Let us now show how easy it is to directly withdraw from high beta speculative holdings of the FoolPort, again, for you doubters. --------> Thank you for your order! You sold 100 shares of AOL at 86 1/2! The tracking number for this order is: G-200-AABM-4833 Order entered at: 10:08:17 on 09/03/98 Order processing began at: 10:08:20 Order executed at: 10:08:45 on 09/03/98 ---------> Thank you for your order! You bought 100 shares of AOL at 85 1/8! The tracking number for this order is: F-200-AABP-8470 Order entered at: 12:26:05 on 09/04/98 Order processing began at: 12:26:06 Order executed at: 12:42:00 on 09/04/98 ---------> 100 * (86 1/2 - 85 1/8) = $137.5 - $20 = 117.50 NET Heck, we robbed $500 last time, and the old man didn't notice. Certainly another $100 wouldn't be missed! :) <BFG> OK. Enough of this Foolishness. I'm through making my point on this AOL pig. Call me lucky, if you will, but quite frankly, I'm five for five now, and surely you can't believe that the Zaxbowow is the LUCKIEST DOG ALIVE. --------> Lets give a few more examples of "luck" which fly in the face of Foolish logic (and I do use the capital f quite loosely, mind you). Foolish logic: You cannot time the market. Just invest in top 100 companies and you will be assured of perpetual success Zaxbowow's Answer: Zaxbowow's 401K has been in Stock Index 500 for three years, since its inception. Zax, however, believes that when the small caps and broader markets start doing bad, this is a bad omen. Hence, on 7/28/98, Zax moved the entirety of his 401K from Stocks Index 500 to the Bond Emphasis Balanced account. Then, in a post on TMF, Zax said (and I quote), "Bad market. DOWN." Zax has now "suddenly" noticed that the MOMOs who left their money in the DANGEROUSLY INCREASINGLY FOOLISHLY ALLOCATED stock market are suddenly complaining, a mere FIVE WEEKS LATER, that they have now LOST 20% OF THEIR RETIREMENT SAVINGS. Meanwhile, Zax's have DRAMATICALLY INCREASED. Heres to social responsibility in investing, and forever DISSING THE FOOL. -- Zax P.S. Note today's INCREASE in my AMZN SHORT POSITION