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

To: James Clarke who wrote (32177)	1/2/1999 2:17:00 AM
From: jach	Respond to of 164684

<If it takes off again, I would probably cover at about 450 no matter what the valuation - I'm not stupid.> shorted at 340 and will cover at 450 if it takes off again, sounds like it even though said not- AMZN will come down, that's for sure, so the not stupid move is to have a strategy not to lose at all.

To: James Clarke who wrote (32177)	1/2/1999 4:47:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

JJC>>Wish me luck<< I do. Just make sure you know your maximum pain, in case it goes the other way on you. regards

To: James Clarke who wrote (32177)	1/2/1999 1:51:00 PM
From: Gary Walker	Read Replies (3) \| Respond to of 164684

James, Good luck! Of course many here agree with your position. I'm expecting AMZN sales to surprise on the high side and will keep my short position boxed after the first couple of days depending how it goes. A sales number of $250 million is not a ridiculous estimate. That's a 400% increase over 1997 and will likely ignite the stock. I think that will be the peak, after that the growth rates will decline substantially as new competition appears. Many net stocks are going the merchandise route. The brick and mortar people are starting to get it. The AMZN model is easy to copy and there are no hooks like AOL. A coffee mug isn't going to keep us going to Amazon. Low prices will rule and that means this is just another commodity business.