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


To: KM who wrote (19856)10/3/1998 8:36:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
>Summit_Host: Craig Ellis: amazon will be the boston chicken of 1998
>Summit_Host: we'll look back and it will fit right in that category

what was thestreet.com's summit? who is the above quote attributed to? Or rather, who is Craig Ellis?

It is true that everyone knows this stock is a joke, the only question is WHEN WILL VINIK EXIT? If you bet the farm by going short the day before that happens, you will be a very rich person indeed.

(And if you were to correctly pick 50 points-out-of-the-money puts that expire in 2 days, you'd give bill gates a run for his money!)



To: KM who wrote (19856)10/3/1998 8:43:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
Jim Cramer is short Amazon again! I just grabbed this from the thestreet.com transcript. And he compares it to Boston Chicken too!!

you can read it directly at: (search for "boston chicken" in the text)

thestreet.com

Summit_Host: jim cramer: i agree with everything's that's been said
Summit_Host: about valuations . .
Summit_Host: i'm short amazon in puts
Summit_Host: i agree w/ boston chicken analysis



To: KM who wrote (19856)10/4/1998 12:45:00 AM
From: Victor Lazlo  Respond to of 164684
 
<< Summit_Host: Craig Ellis: amazon will be the boston chicken of 1998 >>

Trufflette, I could not agree more. It is amazing how many wall street geniuses were maintaining their "buy" status on Bos Chicken on the way down, and how many other ws geniouses were buying their bonds, even though their bus model was a time bomb and their accounting was funny. Much like another stock I know right now!

Victor