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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (5667)	1/8/1999 2:44:00 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78748

AMZN: The following post from Yahoo causes me some concern about my strategy discussed in prior post: <<AMZN TARGET RAISED TO $252!!! by: nutcase104 (104/M) 52529 of 52558 NEW YORK (CNNfun) - Pioneering online retailer Amazon.com played Pied Piper to an Internet-sector rally Friday, surging more than 19 percent on the Nasdaq after a prominent Wall Street brokerage firm changed its target price from $133 per share from December 16th to a formula-based target of 1.333x the closing price of the previous trading day. As of Thursday's close, the target price for Friday was set at $211 1/4 per share, but that figure is expected to jump dramatically on Monday and all subsequent trading days of this century. Henri Bloodlet, an analyst with CICU Openweiner, set the moving target shortly after trading opened Friday. In a research report issued Thursday, Bloodlet said he had based the upward revision on the company's enormous success in expanding its share price since his last report in December, and also suggested that Amazon's unprofitable days are a finite number rather than in infinite number as previously suggested. "We continue to believe that Amazon.com is in the early stages of building a global community of billionaires that could rule that planet," Bloodlet wrote in the report.>>

To: Bob Rudd who wrote (5667)	1/10/1999 10:40:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78748

I cut back my short postition (I %&$#ing refuse to day I "bought" the stock) on Friday. Now I have a small enough bet that I can sleep even if the damned thing doubles again. Glad my Cyprus Amax is working out so I can just look at Amazon as a very leveraged market hedge. JJC