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

To: Glenn D. Rudolph who wrote (25314)	11/10/1998 12:36:00 AM
From: Dwight E. Karlsen	Respond to of 164684

"Amazon.com spokesman Bill Curry declined to elaborate on whether any sales were completed. "We always caution people not to read meaning into anything," Curry said, referring to investors who see insider sales as a bearish sign for stocks. [in other words, they are hoping that the public will snap up these shares that Bezos and the other insiders don't want anymore.] The spokesman said the insider sales followed Amazon.com's policy of restricting sales to 30-day periods beginning a few days after quarterly earnings announcements." (I was wondering what the exact time-frame was). news.com

To: Glenn D. Rudolph who wrote (25314)	11/10/1998 1:02:00 AM
From: Robert Stone	Read Replies (2) \| Respond to of 164684

Hi all you AMZN fans. I don't say much but I read every post. I do! It's tough being in Hong Kong and waiting for the market to open at 10:30pm here. By 1:30am I'm really bushed from watching realtime quotes and totally stressed from not seeing a headlong plunge into the abyss. Next week I'll be in Sydney where the market only opens at 1:30am. There goes the 20 winks I usually enjoy while this stock is still up there. Right now I'm taking lunch in my office -:) and wanted to be the first to let you all know that Cramer has just bought AMZN. At least I hope I'm the first. I need make my contribution if I'm eavesdropping all the time. Right? thestreet.com

To: Glenn D. Rudolph who wrote (25314)	11/10/1998 1:23:00 AM
From: umbro	Respond to of 164684

AMZN: WHEAT FIRST decreased estimate for 12/99 from $-1.64 to $-1.75 on 11/09/98 Glenn, it is "interesting" that the trend in earnings estimates is dropping lower, per Zack's [http://biz.yahoo.com/z/a/a/amzn.html], yet the average analyst buy/sell rating has been on the improve. Three months ago, the 12/99 consensus was -1.76/share, as it is currently. However, 3 months ago the average analyst rating was 2.67, which is on the verge of "hold" (there were 6 holds and no strong buys). Now it is rated an average or 1.97, which is in "buy" territory (4 holds and 5 strong buys). There are 18 analysts following AMZN, and only 12 three months ago, btw. Coincidentally, even though AMZN has managed to "surprise" to the upside by about 15% for each of the past 5 quarters, its EPS has dropped steadily from -0.21 to -0.57/share. For those of us who've been following the stock closely, we know that the estimates are generally lowered ahead of earnings announcements, which makes the "surprise" not much of a surprise at all. I think rating services like Zack's, should measure the "surprise" relatively to earnings estimates made three months earlier, just after the previous announcement. This would avoid most of potential to fudge the numbers as earnings announcement approaches.