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


To: Rob S. who wrote (23489)10/28/1998 6:59:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
It's good to see you covered yourself. I expect Amazon to move up on the news of
increased sales and customers. I had orders in to sell today but none of them got
executed. We may see a run up to test past highs, but then it's wait and see - the news
may already be factored in the stock.


Rob,

I read your post about the stock moving and the conference call with great interest. Thank you for adding that to the thread. It is my feeling that the stock is close to fully priced. I am not good at TA as you know but even though there were a lot of congratulations, there have already been a lot of articles worried about how high the share price has come.

Glenn



To: Rob S. who wrote (23489)10/28/1998 8:33:00 PM
From: Ken Holbert, Jr.  Read Replies (1) | Respond to of 164684
 
I don't understand this better than expected results. According to Yahoo the losses were -.90 per share.

biz.yahoo.com

SEATTLE (AP) -- Online book and music seller Amazon.com Inc. (Nasdaq:AMZN - news) lost more than four times as much money in the third quarter than it did a year earlier -- but its sales and number of registered customers also quadrupled.

The high-flying Internet merchant on Wednesday reported a net loss of $45.2 million or 90 cents per diluted share, compared with a loss of $9.6 million or 21 cents a share in the same period a year ago. The most recent quarter includes $20.5 million of merger and acquisition-related costs.

Please, someone explain to me how this is good?



To: Rob S. who wrote (23489)10/28/1998 8:56:00 PM
From: Mike M  Respond to of 164684
 
I am guessing that the run up will be at most 3-4 points and then the back down starts...Those numbers are only outstanding to someone programmed to say so...I just don't see it...Who said blind faith does not live in 1998...

Mike