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

To: Glenn D. Rudolph who wrote (32971)	1/6/1999 12:08:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Remember that options expiration is coming up next week. that tends to force a new round of short covering and a further move up. I'd hold off shorting this THING until at least the middle of next week.

To: Glenn D. Rudolph who wrote (32971)	1/6/1999 12:46:00 PM
From: Scott Bergquist	Read Replies (1) \| Respond to of 164684

Glenn, if you are "lost and confused at the MOMENT" just think how most of us have felt since October 15th! And most who use sound reasoning in the "Market" have a debit on the books to show for it!! For AMZN at least... Well, I hope SI keeps this whole thread for use when the entire story is written (in say, 2005). The "Thing" will make "Den of Thieves" look positively sanitary!!

To: Glenn D. Rudolph who wrote (32971)	1/6/1999 1:45:00 PM
From: MoonBrother	Respond to of 164684

> I admit to being lost and confused at the moment. I just hate to bail at the top if it is the top. Glenn, I seriously advise you to cover your shorts ASAP. AMZN at $140 is not a top. Why? Simple. AMZN's revenue will continue to rise at least for another 12 month as we can see. E-commerce is still in its infancy. Chances are this year the total e-tail number will easily double or triple that of last years. So who do you think will benefit from the continued e-commerce boom? AMZN certainly is one of the top 5! I think AMZN has a long way to go. It may easily trade to $200, perhaps before jan. 27's qtr release. After that AMZN may announce another 3-for-1 split, and the whole circle starts again! Seriously, cover your shorts, and buy as many shares as you can!!! Good luck! MB

To: Glenn D. Rudolph who wrote (32971)	1/6/1999 3:01:00 PM
From: Cap_Loss_Cfwd	Read Replies (4) \| Respond to of 164684

I think this is the blow off top or VERY close to it. If it gets just a little higher tomorrow, I will go short. It's got to at least correct a little. I'd urge you to hang in if you can... I am a new poster but have been following the discussion here for some time. My posting name will reveal my position on AMZN. Today I finally gave up my last short position on Amazon, needless to say with major losses. Deducted at $3,000 per year I have tax deductions which should last well into the next millenium. I decided to cave not because I think AMZN is ever going to create profits worthy of 10% of its current market cap, but because the laws of economic gravity appear to have been suspended for the "Thing", EBAY et al. My life will be simpler and more peaceful without AMZN. I will keep in touch and maybe reenter if the opportunity presents itself. Glenn, I appreciate the angst you are experiencing over this situation. I am posting this because based on my track record when I cover a short it is the absolute top! I called it. A quick question for the experts. KTEL was delisted by NASDAQ because they did not meet the "Net tangible asset test". Since AMZN debts far exceed its tangible assets (assets minus goodwill and deferred charges), are they potentially in the same position? I realize this question sounds ridiculous in light of a $20 billion market cap. However, getting AMZN delisted may be the only way to stop its 10% daily appreciation. Looking forward to the AMZN numbers, I am sure that Q4 will show a continued slow rate of cash burn because the huge sales spike will generate cash flow (collections preceed payments for books). However, in Q1 1999, if sales fall as one would expect you will see AMZN dip into its cash reserves in a major way.