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

To: damniseedemons who wrote (22008)	10/16/1998 8:26:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Sal<-they put AMZN on the map early on by doing that> Do you know that there were investors still buying Bre-x mining a day before it closed? There were millions of investors that lost all their money convinced there was gold to be found. Bre-x was on the map everyday for one year before it was declared a fraud. Now I'm not going to compare Bre-x with the 'Thing', mainly because Bezos has never publicly stated that he will find gold. Only Mary Meeker and her other sheep have. Ps Do you know there are still Bre-x shareholders who have not thrown their stock certificates away, because they're still convinced there is gold in that Jungle.

To: damniseedemons who wrote (22008)	10/17/1998 12:52:00 AM
From: MrLuckyman	Read Replies (1) \| Respond to of 164684

Negative press will do nothing to bolster their image or share price. By Emily Church, CBS MarketWatch Last Update: 3:20 PM ET Oct 8, 1998 NewsWatch NEW YORK (CBS.MW) -- Now's the time to be very cautious in picking Internet stocks, a panel of four top Internet financial analysts agreed Thursday. It's certainly not an easy time to face a packed room of Net-sector investors wondering what's whacked some 30 percent off the values of their stocks since the market rout began this summer. Internet stocks on Thursday, as tracked by the Amex Index of Internet Stocks ($IIX), dropped 7.5 percent by midafternoon. "It's gotten a little tighter recently, and I think it's going to get tighter," said Merrill Lynch's Jonathan Cohen, calling out Internet book and music retailer Amazon.com (AMZN) as a stock that's "trading at an enormous premium to the others." Cohen said he's advising clients to use "a high degree of specificity and a high degree of discretion" if they're investing in Net stocks in this environment. As high-flying valuations of Internet stocks are coming back to earth, investors can expect to see losses and a bifurcation between the "blue chip" Net companies and a bevy of smaller competitors, the panelists agreed, speaking at the Internet World trade show in New York. Investors need to determine which companies "are going to take advantage of the Net and which ones are not," said Dan Rimer of Hambrecht & Quist. Liquidity question Beyond the valuation correction, one factor dragging Net stocks as a group down farther and faster than the overall market is the liquidity issue, noted Marc Usem of Salomon Smith Barney. All told, the Net stocks have attracted a total market capitalization of some $70 billion, which is peanuts relative to other sectors, and that's partly behind some of the dramatic drops. "These stocks have a huge, huge media presence" he said. "Yet how liquid are they? Small amounts of trading in these stocks are making a larger move."