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

To: Jan Crawley who wrote (23827)	10/30/1998 12:05:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>it's only 1200 dow points. Yeah, only 1200 points! When was the last time the Dow dropped 14% in 6 days?

To: Jan Crawley who wrote (23827)	10/30/1998 12:11:00 AM
From: John O'Neill	Read Replies (2) \| Respond to of 164684

I got in short today 500 shrs at $122 & change....never played AMZN before, but it seems like their lack of a proprietary product would hurt them. Deep pockets are coming to get them, & I can't see what will stop better financed competitors. Furthermore, lawsuits from companies like Wal Mart may eat into their capital. They are merely a re-seller of books/CD's published by other companies (some of which are becoming competitor). Is this true, or am I missing something.? I welcome all comments...didn't like watching it go up 4 pts after shorting it. JO