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

To: e. boolean who wrote (20664)	10/8/1998 2:11:00 AM
From: OtherChap	Read Replies (2) \| Respond to of 164684

I'm hoping for a yahoo selloff tomorrow- I really dont have a hunch which way or not. Every single story I've seen on TV tonight has been absolutely glowing about Yahoo. If we could just decouple Yahoo and Amazon, us shorts would do a lot better. Yahoo actually turns a profit- and your average newbie thinks Amazon must be having similarly good earnings. Good thing, Japan is down 800 points, about to punch through 13,000 again.. Futures are down 4.80, but they dont mean anything at all anymore. (since everyone can now watch them, they dont predict anything other than the first 5 seconds of market trading) Germany opened lower too.. We'll see where that goes.. Could be a jump tomorrow, but nothing I can't wait a few days to see shake out. There are a lot of sellers waiting in line (can you imagine the planetall/junglee guys sweating bullets, hoping they can dump their "wealthy retirement" shares before Amazon collapses? They've already filed, so those 3 million could hit the market any day.. Maybe they hit today?? Not likely- I'm sure they were waiting for the "Yahoo earnings pop".. So all in all, I'm confused. :)

To: e. boolean who wrote (20664)	10/8/1998 3:59:00 AM
From: Jay8088	Respond to of 164684

There is no doubt that YHOO is the internet gorilla of the moment. That $ 0.15 eps was very, very impressive. However, 80-100 times revenue type valuation is, I think, a part of loose money, bubble stage bull market phenomena unlikely to be sustained. Things have changed since July 20th top. All indications are that we are in a vicious bear market, if not an outright crash environment. I can't imagine why anyone would hold onto this bubble-priced young business when there is a banking crisis and recession looms ahead. Consumers will soon retrench, discretionary spending plummets, and ad revenue will dry up.... And YHOO will experience slowdown. What would that do to its out of this world valuation? Even now, YHOO's market cap is greater than all publically traded homebuilders combined. Now that is one extreme optimism by YHOO investors. Still glad to short these investors' dreamboats!