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

To: dave michaels who wrote (37863)	2/2/1999 10:14:00 AM
From: jach	Read Replies (2) \| Respond to of 164684

AMZN at this rate of downfall will be at 10$ in about two months. Interesting to see many and even seasoned investors and no-clue analysts getting comfortable with 100$+ stock price for a stock that is not making money and will not for some time. No stock in stock history that can be pointed out that can stay at these ridiculous levels. Ignoring fundamentals and sound logic will work for a short time. all imo.

To: dave michaels who wrote (37863)	2/4/1999 11:51:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 164684

The 60 Minutes spot on Amazongonenutty.com was pretty funny - at least Bezos got a lot of laughs out of it (or was he laughing at the speculators who bid his personal stock value up over $11 billion?). Bulls should tuck in their horns for a while and take even the small rallies as opportunities to dump this stock before it moves down further. 160 is possible but I don't think Amazon will get past 140 on a rally, IF it materializes. There have been a few opportunities for the stock to move up but ALL have fizzled: Yahoo! earnings, mergers, acquisitions, IPOs, press releases, 60 Minute coverage - all have fallen on a less feverish environment. I think the market is starting to say - "Yea Amazon has moved up in the past and is the big bad Internet e-commerce giant - but so what? It's not 'new' news for now and Bezos' himself thinks it is risky. He said he tells his employees that they can loose everything in just a couple of years - the risks are great and the most enthusiastically phantasmagorical rewards are already accounted for in the stock price. - It's just selling books and stuff - I didn't see Jesus, Buhda or Muhamed working the scene. Go Amazongonenutty.com in Bizarro World!!! Upward to 60!!!