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

To: L.J. Hoffman who wrote (26443)	11/17/1998 4:50:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Well...that was fun. 20+ rise on the announcement that they were offering to sell additional items. I guess if they announce they've actually sold at a profit electronics and videos, the stock will rise, what, a 100 bucks a share? [ok, intraday, I don't wanna be stupid about it and claim it will close that high.] LJ, I doubt I can make you feel much better. I can empathize(sp). Today's annoucement was not a surprise. AMZN did buy IMDB because they planned on selling Videos. The few cameras and barbie dolls are worth nothing. There will never be a profit so we skip forcasting what will happen then. I stopped going to the Yahoo AMZN board because it was just a lot of baseless yelling like IT WILL BE $150 BY FRIDAY or IT WILL BE BELOW $50 BY NEXT WEEK. But now I think that's about as useful as any other analysis. Maybe more so. Since fundamentals matter not, momentum is all that matters. I have have finally capitulated. Covered my short, dumped my puts, flushed my LEAPS and put the pitiful remains in a bond fund. Ahhhhh...peace at last. Except for my puts which I have written off in my mind as lost, I am more relaxed too. Much poorer to say the least. I wish you the best. Glenn