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

To: Rob S. who wrote (23701)	10/29/1998 1:03:00 PM
From: OtherChap	Read Replies (2) \| Respond to of 164684

Times are interesting. Amazon reported the worst results of any internet company so far, and its stock price has risen the most the day after of any of them. Like I told you last night, the criminal manipulators simply could allow Amazon to drop today. That would signal to the newbie investor that "something must be wrong." Much better to spend a couple million of your hundreds of millions in Amazon profits in order to prop up the market today. People fail to understand that internet stocks are the most profitable business that the brokerage and underwriting business has EVER seen. People at MSDW and other manipulating brokerages are making tens and hundreds of millions. Even though they have been fined in the past for manipulating stocks, they continue to do so because the fines are insignificant compared to the massive profits they make. But the dirty little secret with Amazon is that the "elephants" know the numbers will continue to get worse. Just as with Netscape, I believe this was the quarter that revealed the "inevitable truth." Just wait a day or so, and you will be able to make a killing on in-the-money November puts. I checked around, and once again today Amazon was unshortable at every major brokerage. (I called 6 today, just for the hell of it) Even though half of the analysts covering this stock should certainly be in jail for their criminal acts regarding the price action of Amazon, that wont happen. What WILL happen is they will exit this stock, and they'll do it within the next 30 days. The elephants are going to move to greener pastures- they know Amazon has no future. Having said that, I am going to spend the next 30 minutes going 100% short in Amazon again through November and December puts. Amazon is not a company, it is not a stock, it is simply organized crime on a financially grand scale. The co-conspirators have literally stolen billions of dollars from the investing public, yet they still walk the streets freely. Today the manipulators have tried to inflict maximum pain in order to ignite a short squeeze rally. Also, of COURSE none of them will say anything negative whatsoever about the report because they have to turn around today and tomorrow and SELL their inventory of shares to the small retail client in droves. So they will keep the lies running until they have cashed out. They won't bother trying to get their big clients to buy this stock- they are very likely busy trying to help those big clients unload along with the firms shares. Briefing.com was close, but not quite right. "Amazoned" wont be used to refer to a stock going up crazily, it will be used in the same manner as "Bre-X" is used as a comparitive today. "Amazoned" will be synonymous with massive brokerage manipulation and fraud. People will be going to jail.

To: Rob S. who wrote (23701)	10/29/1998 2:15:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Rob, I am pending/shorting two Dec 110 calls for $28 premium; if Amzn does go to $130 before closing today, the calls will most likely be executed. Then I will write 2 more if Amzn goes toward $140 next week and aiming at the heavy premium strike. You got to participate and take advantage of this movement and make a few $Ks, place your bet 1/3 at a time? Amzn's stock price cannot afford to stand still or trading in smaller ranges in the next few weeks!! Momentum needs excitement!! The elephants have to control the FLOAT to squeeze the shorts and attract traders....They have to keep the float at the current level for the next 2 months, can they do it??

To: Rob S. who wrote (23701)	10/29/1998 4:33:00 PM
From: Mark Fowler	Respond to of 164684

I doubt that Amazon will make new highs before pulling back to the 105-110 level. The added fuel of the earnings report and upgrades will likely burn itself out on the overhead resistance when it reaches 130-135, IMO.<< Yes i suppose Amzn will pull back some after a run to 130 or better. It sure looked good today. I don't know how much to factor end-of-year window dressing but assume that it will not mean as much as other factors - this stock is not primarily an institutionally driven play.<< Rob, window dressing is usually a big factor and could push Amzn to new highs in latter part of Dec. and first part of Jan.