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

To: wiley murray who wrote (16217)	9/5/1998 4:09:00 PM
From: Bill Harmond	Read Replies (6) \| Respond to of 164684

It's an in article about short-seller David Tice, who thinks that Amazon should sell under $10: interactive.wsj.com If you don't subscribe to the WSJ/Barrons, it's a deal at $49 per year.

To: wiley murray who wrote (16217)	9/5/1998 4:23:00 PM
From: IceShark	Read Replies (3) \| Respond to of 164684

BARRONS AMZN article?! It's an article about David Tice and his Prudent Bear Fund. He looks for AMZN below $10. "A great company that's missing only one element ... profits." He also knocks GTW (which I also hate) and hammers on the Country Stores. Increased overhead and sales taxes on all sales, including mail order since they are now foolishly establishing nexus in all these states. Well, I pointed out on GTW thread about a year ago that GTW already got strong armed into paying sales taxes in nearly every state anyway, so while the Country Store is dumb, IMO, it isn't dumb for that reason. Where can I get one of these high paying jobs where it doesn't matter if you have a clue or not? -vbg- So, take it for what it is worth on AMZN. Regards, IS

To: wiley murray who wrote (16217)	9/6/1998 1:10:00 AM
From: uptick	Read Replies (2) \| Respond to of 164684

AMZN and The Impact of Barron's on Stock Price As some of you have heard, in the 9/7/98 edition of Barron's, AMZN was on the short end of two very negative articles. The mag basically says that AMZN is a $50 stock (pg.53), and the Prudent Bear fund manager thinks it's closer to $10/share (pg. 23). Because of my position in AMZN, I decided to do some digging to see how much influence this magazine have had on stocks. The 2 academic papers I found on this subject similarly concluded that Barron's have produced highly abnormal returns for investors for the period of 2 years and less and 1 year and less, respectively. This pretty much confirms my belief. But they were published before 1997 and I wanted to see how much the RECENT articles can hurt (or help) a stock, exactly how much, and to which types (speculative/small caps or blue chips??). What I found is that, from America Online to Walt Disney, Barron's has done some serious damage (or favor). Take a look at some of Barron's recent track record below. Considering the percentage decrease/increase of these profitable, blue-chip stocks and AMZN's high beta, next week will be a wild ride. *Excerpts from "The Nightly Business Report"* Polaroid (PRD) down 6 3/16. Negative comments in this week's Barron's Financial. Chief columnist Alan Abelson quotes analyst Michael Katz who thinks the stock could fall 50 percent. August 31, 1998. Transamerica (TA) rose just over 4 points. The new Barron's financial magazine says the company's selling at a discount to its peers, and it could attract suitors. August 10, 1998. GK Intelligent Systems (GKI) plunged 5-point on very negative comments in " Barron's Financial." July 27, 1998. Zapata (ZAP), a major mover, up 5 5/16. That's in reaction to positive comments in the new Barron's financial magazine regarding the company's move to the Internet business. July 13, 1998. Gillette (G) down 1 1/2 due a negative article in this week's Barron's suggesting the stock is overpriced. July 13, 1998. Home Depot (HD) up 3 1/4 points. Positive comments in this week's Barron's Financial magazine. July 6, 1998. Du Pont (DD) jumped 7 pts. after Barron's Monday article. May 11, 1998. General Motors (GM) up 4 points thanks to positive comments about them in " Barrons" financial magazine. May 11, 1998. Greyhound Lines (BUS) up 20%. Positive comments from Barron's saying, the company's on the road to its first profitable year since 1993. May 11, 1998 America Online (AOL) up 5 1/8. Barrons had a positive article on that stock. May 4, 1998. Seagram up 2-5/8 to 40-1/2 due to Barron's article company's prospects and its CEO Bronfman. Walt Disney (DIS) fell 4 1/4. The latest issue of Barron's questioned the company's aggressive accounting methods used in purchasing Cap City's ABC. March 23, 1998. General Motors (GM) up 3 1/16. Barrons financial said this stock had dropped to very attractive levels. November 3, 1997. Cisco Systems (CSCO) up 2 23/32. Earnings are due out tomorrow morning. Barron's predicting Cisco should report $0.58 in earnings, up from $0.47 last year. November 3, 1997.