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

To: john Kurisko who wrote (33975)	1/10/1999 12:50:00 AM
From: David in Ontario	Read Replies (1) \| Respond to of 164684

Jim Seymour (@ theStreet.com) comments on AMZN for 1999 "Amazon (AMZN:Nasdaq). Yes, even at these prices: This is the future of e-commerce. But don't be broken-hearted when you can't find many shares to buy. I'm not so excited about Amazon's expansion of its franchise beyond books into CDs and videos -- three low-margin businesses if there ever were any -- as I am by its relentless refining of its business plan. That's going to play very well as AMZN moves this year into higher-margin businesses, abetting its considerable first-mover advantage. Together with AMZN's operating experience, supply-chain-management expertise, and Jeff Bezos' ability to manage the stock price, as well as the company, Amazon is likely to remain a winner well into 1999. Yes, when the Net market breaks, it's going to be ugly -- but a lot less ugly for AMZN than for the second- and third-tier Web-wannabes. Buy it and watch it. Closely." [ theStreet.com, 1/8/99, "25 Winners for 1999" ]

To: john Kurisko who wrote (33975)	1/10/1999 8:41:00 AM
From: Bo Le	Read Replies (2) \| Respond to of 164684

>>to think amzn is going to selloff because it is over values is without merit, << John, I agree with you on this --- high value not merit a selloff. My thinking of AMZN will selloff is not because AMZN is overvalued, but the greed of crowds. For a long month, AMZN moves up $10 points or more every trading day. These really get crowds excited. We are foolish to think people buy AMZN at these level because they have a vision on internet and/or because they like AMZN's business model and management. We are also foolish to think people who buy AMZN don't know AMZN is very very overvalued. But they still buy and they tell others they have a vision. You see what control them: greed!!! Last five trading sessions best illustrated how greed works and Friday, in my opinion, greed reach its climax. However, greed and fear are two twin brothers. The minutes they brought AMZN at this level, all their excitements are gone. The minutes the market goes against them, fear take over control. We already see that on Friday. Put my reason for selloff in one sentence: Greed is already run its course, Fear now is taking over. I put my money on what I believe. My position on AMZN is really simple, just 25 puts. I get rid of all my hedges last week. If I am wrong, I will loss 10% my portfolio value and will open another 25 puts for future month. Bo Le