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

To: Jan Crawley who wrote (23559)	10/28/1998 11:03:00 PM
From: Rob S.	Respond to of 164684

I think most of the excitement should be over but don't discount the ability for the brokers to spin the increase in sales and success of the music venture for another test of the 130-135 level. I agree that the internet stocks look a bit over-extended but they have not reached a level where all the technical indicators are "screeming" over-bought. The insiders are yet to sell the recently registered shares and, perhaps, the brokerages that will handle the sales may also plan to sell from their and their clients portfolios. You can bet that they will put on the retail pressure to try to at least maintain the current price level long enough for them to dump them. With the large sales and membership increases, the hype machine will have some new flax to churn into gold. I watch for the indications of the next move - but the dice look loaded for some more upside. When the insiders and others unwind their shares and the hype gets a few days old, then it will drop - but probably not lower than 105. I have changed my opinion about seeing a large drop this fall - the sales momentum has continued so the "story" that is driving this stock is still pretty much in tact despite the losses - something that the market has known about for weeks.

To: Jan Crawley who wrote (23559)	10/28/1998 11:08:00 PM
From: Jeff Mizer	Respond to of 164684

Jan- What I cant understand is it sure seems to me the ONLY thing AMZN has is a well designed web site and alot of advertising.... it sure seems that anyone with deep pockets will duplicate and saturate that market soon enough... how anyone can think this will last too justify these insane figures is simply not understanding that AMZN has no patent or one of a kind product that can't be duplicated... It is similar to the early people in the online sex trade or 900 #'s- a novel profitable idea that will soon be copied to death. AOL has a not easily duplicated business and figures to be the ideal Net company- AMZN is a web site that is well advertised- It will FAIL - I don't know when but it will never justify these prices. Jeff