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

To: CoffeePot who wrote (28001)	11/24/1998 10:57:00 AM
From: powershred	Respond to of 164684

short at open..filled at 218..with stops at 224..good luck..

To: CoffeePot who wrote (28001)	11/24/1998 10:58:00 AM
From: Rob S.	Read Replies (2) \| Respond to of 164684

Amazon will probably play around with this level for a while. I don't see any news to spur it down unless the general market upsets badly. but then again there really wasn't any specific news that propelled Amazon down the last time it had moved up to similar heights in July - the "buying panic" had just run out of steam and the stock moved down to what was more reasonable levels. Amazon is in the zenith of their growth and public awareness. Sales should do very well this quarter - something I had posted several weeks ago. But competition has Amazon clearly in its sights and is taking aggressive actions to capture market share. Some of that effort will be successfull. The main reason Amazon is doing so well, IMO, is that they have captured the heart (or soul?) of Internet users. A lot of admiration is deserved. But the idea that one darling etailer or one darling anything should command our loyalty is counter to the nature and the magnificent future of the Internet. I hope we all don't decide to bow down to the NW toward Amazon and Microsoft (I live in Seattle and love it) and turn our backs on the Independent nature of the Internet. Is the net about congregating power into the hands of the few? Surely Amazon will be a premier supplier of commodity products on the Internet. But to push them to the position of gods that should control lots of the stuff that we buy runs counter to the nature of the web, IMO.