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

To: Bill Harmond who wrote (19581)	10/2/1998 3:17:00 AM
From: JBL	Respond to of 164684

William : How could this just be a correction ? Where is the good news going to come from ? I travel between Asia, the US and Europe, and know for a fact that the average investor in the US has little understanding of how dire the situation in Japan is. There have been so many signs that this is a global financial/banking crisis, and I'm amazed how much denial there still is out there.

To: Bill Harmond who wrote (19581)	10/2/1998 9:02:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 164684

How do you know? You are speculating about Bezos like the rest of us <g>. AMZN SEC documents are annoyingly short of detail. We know that AMZN's only assets worth anything is bonds and I think we can agree this consists partially of short term treasuries. But derivative activity is off balance sheet . We need to know the notional value of those bonds to see if he is hedged or not. But we won't get that, nobody ever publishses that sort of stuff, for example, we never get any detail in any company's 10K about foreign currency hedging details. Anyway, speculation is fun! DocStone

To: Bill Harmond who wrote (19581)	10/2/1998 9:06:00 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

William< He's goin' for the gold, swinging for the fences, petal to the metal, all or nothing..> I appreciate and respect your opinions but its his stockholders money that your talking about, not just yours and his. Unlike Glen, I don't want to see the 'Thing' go broke. Where else can I buy a book for less than cost? psAll I really want is to see his stock price come back to earth. I personally think that's $20ps.That's the only difference between you and I. You can trust me on that.

To: Bill Harmond who wrote (19581)	10/2/1998 7:41:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Bezos isn't hedged. As far as I can tell, he hasn't sold, pledged, hypothicated, encumbered, or exchanged a single share. He's goin' for the gold, swinging for the fences, petal to the metal, all or nothing... He's living small and thinking big. He even drives an old car. I'd feel more comfortable if he had safer wheels. William, Sam Walton was known for driving an old truck as Walmart was growing. He continued to drive old trucks to work even when Walmart had 600 stores.He related to his customers in this way and his employees. However, he secretly (not a secret now) had a huge house on Grand Caymen. He kept a Rolls there and went there about 4 times per year. This livestyle was not known until his death and the press picked it up during the estate settlement. It is difficult to compare Sam Walton to Jeff Bezos because Walmart was profitable from day one. Glenn