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

To: Bill Harmond who wrote (18904)	9/28/1998 11:06:00 PM
From: Glenn D. Rudolph	Respond to of 164684

This is a quote from the BKS latest earnings release: "barnesandnoble.com's revenues for the quarter rose to $12.5 million, an increase of 470 percent over revenues of $2.2 million for the second quarter of 1997 and a 33 percent increase from $9.4 million for the first quarter of 1998." Amazon's revenue went from $87 million to $115 million during about the same period. They are on a different month quarter. That is only a 32% increase. I am emailing you a pdf file using AOL so the Mac does not change the data and you can see what I am referring to. Glenn

To: Bill Harmond who wrote (18904)	9/28/1998 11:18:00 PM
From: Jan Crawley	Respond to of 164684

William, I am impressed with your trading style and congrates to your $$$, but I am sincerely saying the following: You and others have been lucky(and smart) to long Amzn 6 months ago with low cost base. You also bought Amzn in the upper 120s etc, but quickly took small loss a few weeks ago. You are "long" but frequently via trading to hedge, and to lower your costs; that's good "bottom up" strategies. Slowly and surely... Some are taking the "top down" strategies, shorting Amzn at it's highs, taking small positions, taking profits quickly, using "trading" and "hedges" whenever possible to boot the short positions, slowly, and surely... With extreme care and flexibility, I think the "top down" strategies will fare well, too late to "bottom up".