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

To: James Thai who wrote (40701)	2/17/1999 7:22:00 PM
From: R. Resendes	Respond to of 164684

Not so much the magnitude, as it is the people you are dealing with. While no laws are being broken, running so fast to shape accounting numbers is disconcerting and a warnings sign. No doubt bigger picture is what counts, if they pull off their biz plan all this talk will be pointless. I am short, and have surfed the wave up to 199 and back again to be back in the black as I belive the stock will continue to trend down to a "speculative" fundamental value of about $40 to $50. The speculative refers to AMZN generating $10 - $12 Billion by 2002, with margins of roughly 9%. All in all this is what I call a Goldilocks stock - everything needs to be just right for the future to play out.