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

To: Dwight E. Karlsen who wrote (33791)	1/9/1999 1:38:00 PM
From: MoonBrother	Read Replies (2) \| Respond to of 164684

Dwight, Looks like you've been on AMZN short camp for quite a while now. I'd like to congratulate you for your durance staying there. After all, for the past month you've been there, it was a nightmare to you to say the least, right? In fact, there have been at least couple dozen shorts on AMZN buried by AMZN in the period on this board when I have been on long camp since. I've seen them come and go. The longest shorter, your hero Glenn had lost $450/sh just in the period I've been long on AMZN. Today he finally conceded. Quite frankly, I don't think you have better luck than any of your former "camp-mates". Don't trust me? Let's wait and see. As for your questions, I think 1) to 5) deserve just a simple answer, i.e. E-commerce has just started to boom. There will be at least 3 or 4 years before e-commerce saturated - if there will ever been one that is. Last year the whole e-tailers had only 7.8b sales. The conservative estimate on 2002's figure was at 32b, and that figure was before q498's booming. I think by the time 2002 comes, we might see 50b, and that's just a fraction of the total retail figures. So, do you think I-net stocks have reached their top at this early stage? I seriously disagree!!! I think we will see I-net group as a whole at least double or triple their prices this year, with the group leaders doing much better than that rate. AMZN, AOL, YHOO, ATHM, DRIV, EBAY will all do extremely well. Don't belive me? Short them!!! Short them with everything you have! Hopefully you will understand this simple thing after you lose $450/sh couple months later! Seriously, DON'T TRY!!! As for your question 6)regarding if I miss the potential $35,000 profit today. That's a real silly question. You could notice that I made more than $65,000 just for the week starting Monday. Obviously I did better than that for the past couple months. In fact, I can tell you that $35,000 is quite a small % in my portfolio that I actually don't really pay attention on. Besides, did I really lose that amount today? No. It's still mine, except that I will wait couple more days, that's it! As for your worry about my "paper profit" could evaporate quickly, don't worry. I've been on this game long enough to know how to keep my profit. In fact 50% of AMZN profit have become AOL, AMAT, CPQ, C, CISO and the like. Even if AMZN drops to 0 tomorrow, I've already made 500% profit on AMZN. BTW, don't think I'm that silly that I don't understand the basic fundamental values of a stock. I can tell you this, when AMZN's turn comes - I mean the real turn - I will be the first one to jump the ship. I will short AMZN to its complete death. Based on today's figure, I have not ruled out the possibility that this won't happen. But I think with the I-net biz booming as the backgroud at this time, AMZN will enjoy perhaps couple more years of extreme growth before any slow down shows up. Enough said? Okay! Hope you live and learn! Good luck to your short adventure! MB