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

To: H James Morris who wrote (32102)	1/1/1999 6:42:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

If you remember the day that the 'Thing' announced cd's. It took off for 2 straight days without any sell-off. I was just plain lucky to have my lid on my shorts. I was convinced that should have been an non-event as we all knew that was coming, so I assumed it was already in its over inflated price. That would have been a huge loss for me. It was a large loss for me. It was old news but in manias, that does not matter. I'm tempted to take the lid off my amzn long shares in the morning. I wish I had a feel for what the elephants are going to do. My instinct tells me they'll stay for a few more months. I watched the close Thursday and did place a limit order to close the lid at 320. It did not execute. It is like being in a casino. It all depends on what cards I get Monday AM;-) Glenn

To: H James Morris who wrote (32102)	1/1/1999 10:50:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 164684

My instinct tells me they'll stay for a few more months. Maybe, but remember the mkt looks forward, not back. Christmas is history. That is priced in. I find it interesting that AMZN rallied for one day following Christmas Day, and it's been downhill from there so far. There may be a "split effect", but its hard to say. I'm thinking more sellers than buyers for the following reasons: 1) Following a split, the common wisdom is to sell the new shares and "take a free ride" on the rest. 2) This AMZN split happens first thing in the new tax year, and after a gargantuan runup in price. Anyone who had any common sense whatever would take the profits now, and play elsewhere with the tax money, which won't have to be paid until April 15th of the new millenium (15 1/2 months away). 3) What's to look forward to in the first quarter following the Christmas quarter, except a sequential drop in sales? That last is what will cause the pressure. The look forward 3-4 months is enough to cause even the most bullish stomach do a flip-flop.