Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: OtherChap who wrote (23704)	10/29/1998 1:30:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Oc They won't and your idea of buying Nov puts is crazy! Get a gripe on what really has been going on and you'll see this 'Thing' is bullet proof well into the new year. Did you notice another Elephant joined the pack today? Yes Alex Brown and AB is probably the most speculative of the pack. One of the most followed short sellers is Fleckenstein. When asked months ago, would he short the ' Thing', He said "absolutley NO!!" he went on to talk about how this 'Thing' cannot disappoint. It has no fundamentals to disappoint. All it has to do is show revenue growth and it's bullet proof. The point that made me decide to not mess with this 'Thing', is when he said and this won't end until this Internet Mania ends. This 'Thing' is a concept stock that won't take a hit until something or someone comes out and proofs that this mania was just that. A mania. Retail Wall Street is now telling the uninformed that eBay is going to be the major player in a $180bil business. Selling used shit on the Internet. My advice especially with your passion is milk this mania until it ends. Hell! It might never end. Don't trust me on that.

To: OtherChap who wrote (23704)	10/29/1998 3:54:00 PM
From: Rob S.	Respond to of 164684

Your views are overly slanted for the short-term. The numbers showed increased sales - dancing around it to say they had the worst numbers or performance on the internet is foolish. They had good sales and sign-up growth. They also had a tremendous response to their introduction into music sales. That could be a prelude to successful entry into other product areas. You can argue about losses but the market is not focused on earnings - when has that mattered in the past? The perception of this stock won't change much until it is shown that although they can build sales rapidly, competition will decrease growth rates and force price competition. That realization may not happen until mid or late next year or even latter. My time frame for "the competitive business reality to hit" is moved out at least 3-6 months. I had thought the stock would move down to the 70 level this fall. Now I expect it to hold above 90 for the rest of the year.