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

To: OtherChap who wrote (23578)	10/28/1998 11:22:00 PM
From: Imran	Respond to of 164684

"I guess I'm just going insane, I can't figure out how this logic works." Logic and AMZN work together like drinking and driving.

To: OtherChap who wrote (23578)	10/29/1998 7:29:00 AM
From: MrLuckyman	Read Replies (1) \| Respond to of 164684

<< Something I do not understand. Amazon releases two sets of earnings today. The first is GAAP compliant, and shows a loss of over 90 cents. The second one says "This is for informative purposes only, this is not the real report. In fantasy land we actually only lost 40 cents. Remember this is for informative purposes only, the other report is the real number." Then every single analyst and every single media outlet WITHOUT EXCEPTION reports the second one, even though it says right in the text- "FOR INFORMATIVE PURPOSES ONLY" I guess I'm just going insane, I can't figure out how this logic works.>> Richard Ney used charts extensively. Ney was quick to point out that what is really being measured in his charts is not the behavior of the masses in the marketplace, but the techniques of the specialist in an individual stock as he maneuvers to solve short-term, intermediate-term, and long-term inventory problems (1NEY, 259). Ney points to the gaps in prices that develop when a specialist is trying to 'catch up' with the market. These gaps, be they up or down, signal specialist intent (2Ney, 172). "Investors assume that what happens in the economy or to the corporation in terms of earnings or sales determines the trend of stock prices. ... The most misleading element in this type of analysis is that it ignores the basic needs and motivations of the specialist system" (2Ney, 150). For more on the media's role in this "shell game" read Richard Ney's books, or visit this site for a quick review: w3.trib.com