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: Jack T. Pearson who wrote (31111)	12/24/1998 9:25:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

>But old shorts never die, they just run around shouting that the sky >is about to >fall. You know, every once in a while I'll read through some of the threads on the Yahoo message boards. The Amazon longs there tend to be less restrained, and literally every other message some long posts a string of messages saying "FUCK YOU, YOU MOTHERFUCKING SHORTS! YOU'RE GOING TO LOSE EVERY PENNY, THIS IS THE LAND OF FREE MONEY AND YOU'RE TOO STUPID TO JUMP ON BOARD." When presented with these arguments, sometimes it is tempting to lose my cool and respond, but since I know the inevitable outcome of this mania I instead end up pitying them. Most of these investors (unlike William) will not be able to find a chair when the music stops. Many of them will be ruined, as margin purchasing seems the perfectly reasonable thing to do when your average net stock is going up 20% daily. As with the newbies who absolutely refused to believe me when I said Amazon will not split on Dec 18, the longs cannot be reasoned with. You can't reason with the insane by definition. The madness of crowds has removed rational judgement from people who should really know better. I'd say there is less than 1-2 weeks left before this whole fiasco explodes, and I will honestly be sad to see it happen. I believe the internet will be an integral part of the average human life in the reasonably near future, and I understand more than the average fellow that it will indeed be a revolution in our society. However, the average joe has been lead to believe that any company that can get pushed out of an underwriters door into the Nasdaq is automatically going to conquer the earth. Many of them, being newbies, have literally no experience in the equity markets or with the internet. They have no idea how low the barriers to entry are, or how cut-throat the competition is going to be. All they know, and I repeat ALL they know, is that every IPO is heading straight to 300 bucks a share and a market cap of 10 billion dollars. No research is being done whatsoever. The closest thing to research is listening to analysts with pie-in-the-sky price targets or perhaps tuning into CNBC to listen to the latest sell-sider sing the praises of anything .com. It's all going to end badly, and that pains me because I really dont look forward to the stigma that will be attached to all things internet in the very near future. Right now to say you work for an internet company is considered cool- but within a month at the latest, it's going to garner about the same status as saying you're a used car salesman. No amount of debate will convince these people, and since the holidays are upon us I believe I'll just finish adding to my put portfolio and spend the remainder of the year with my family. Since the only thing that will EVER snap these people back into reality is to lose all their money, the only thing I can do is sit back and watch the train wreck from a distance. Happy holidays to all!

To: Jack T. Pearson who wrote (31111)	12/25/1998 12:52:00 AM
From: Axxel	Respond to of 164684

AMZN comment FYI... FOR December 23rd, 1998 Axxel Knutson's VTAR © [Volume Trade Analysis Research ©] Axxel © Institutional Equity Services VTAR * © ["Volume Trade Analysis Research"] *© December 23, 1998 Copyright 1998 and given to this Internet site under revocable license. All rights reserved, Axxel Knutson. E-mail: stockopn@webspan.net or vtarmail@aol.com Note: the charts, if included, courtesy of www.iqc.com. We suggest you visit them. From Axxel Knutson, CEO & Chief Investment Officer VTAR © [Volume Trade Analysis Research] © Axxel © Institutional Equity Services 197 Mountainview Road, Warren, NJ 07059 USA TEL: 908.647.5750 Copyright 1998 and given to this Internet site under revocable license. All rights reserved, Axxel Knutson. E-mail: stockopn@webspan.net or vtarmail@aol.com Now the VTAR © stocks: FOR December 23rd 1998 Amazon.com [AMZN-322 3/8 + 3 5/8] We now have a running profit of 195 points on our investment of $126 3/4, for a running profit of over 250% for a month and we have never wavered in our strong buy recommendation. However, we are going to take some money off the table here. Sell AMZN $330 for a clear profit of over 200 points. Let's take it to the bank. We are reducing our rating on AMZN on Bloomberg from "strong Buy" to "Buy" as we think there is still more in this stock, but from a trading viewpoint, it is time to cash in a little and relax. We can always come back to AMZN…it's not like it's going off the radar screen EBay [EBAY-300] we have over a 50% profit in a week. EBAY is not finished, but for our trading purposes it is again time to relax and take in the money and look later how to re-deploy it. It comes down to risk/reward and as I keep saying…"If you mind the risk, the profits will take care of themselves." America On-Line [AOL-135] + 18. Going to the S & P and let's sell on that news. What great stock for us. Again, the same rationale as above. UBID [UBID-134 1/2] up50 3/8 or 60% for the day. Just sell it. Do I need to give you a reason? I don't think so. We now have over 100 points PROFIT on our initial investment of $34 1/16 ! Even those who sold on the opening yesterday at $99 1/2 did OK…if you call a near triple in 4 days "OK." Sotheby's Holdings [BID-29 3/4] + $1 3---continue to accumulate. Schwab/Chuck [SCH-55 7/16] + 3 3/4. Stay long….just stay. Double-Click [DCLK-48 1/16] Stay. Adolph Coors [ACCOB-53 1/4] we are glad we took the profit. Micron Electronics [MUEI-18 1/16] the street gave us a buying opportunity. Accumulate still. IBM [182 7/8] + 6 1/2 Top not yet in sight. Stay. Pharmacia & Upjohn [PNU-55] + 1 Perkin-Elmer [PKN-96] - 1, glad we sold this. DISCLAIMER It should not be assumed that future selections will be profitable or will equal the performance of the mentioned securities. Securities and charts listed herein illustrate stock selections made using proprietary indicators know as VTAR © [Volume Trade Analysis Research ©]. Investment decisions should not be based solely on our proprietary indicators, but should be an adjunct to additional analysis. Information and statistical data contained herein have been obtained from sources believed to be reliable but in no way are warranted by us as to accuracy or completeness. In fact, it can be wrong. This is not a solicitation of any order to buy or sell; and our views may change with regards to the mentioned securities. This is not a solicitation of a business relationship and we may or may not update our comments to you. Our affiliates and we may have a position in and may from time to time purchase or sell any of the mentioned or related securities although this is not typically the case. Investing involves risks. You may lose money. You may lose all your money. You may lose money you cannot afford to lose. We do not participate in your profits and we do not share in your losses. We stand ready to provide additional information and contact may be made by email or telephone. We recommend that some of your accounts be with a full-service broker and that you garner opinions that may be in opposition to ours for balance. We recommend diversified portfolios and we further recommend that you not deal with "bucket shops. We recommend that you check with your state's Attorney General for information relative to any securities firms that may have an occasion to solicit your business. Control the risk…the profits will take care of themselves. Axxel Knutson, CIO Axxel Institutional Equity Services VTAR © institutional level [IS] services usually available on a "soft-dollar" through your favorite broker. Institutions have your broker call. VTAR © Retail brokerage research services [RS] available on a hard dollar basis. If you are a broker and you desire VTAR © input to your retail sales force, have your marketing director call. VTAR © Individual Client Services [ICS] available [minimum account $5 million US]. If you have a lot of money…send some. Bloomberg: "WHO AXXEL" "GO" "#1-News"