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

To: GST who wrote (44823)	3/9/1999 5:30:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

GST, Forget about AMZN puts. At least buying them. You know every day last week I was asking three questions: 1- why did amzn interrupt its up-trend on on March 1 and drop from 135 to 121 ? 2- Why are no brokers speaking up for it ? 3- how would amzn do on a day when it gets no help from the market? I think we have the answers today and they are very favorable to amzn (the stock). 1- the drop obviously seems to have been caused by fears of revenue shortfall. With DLJ re-it today, it seems the problem will be either ignored, disappeared, or explained away. 2- Today they started, and I believe there will be more. 3- amzn's moves are not related to the market. Dow and nasdaq were going thru the roof, amzn did nothing. Dow and nasdaq drop, amzn goes up. The only thing that moves amzn is brokers, and they started to talk it up. You'll have to wait a couple of months for puts to have a chance.

To: GST who wrote (44823)	3/9/1999 7:13:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

March Sales — Week 1 Sales started somewhat slowly at the beginning of March compared to the torrid comp store sales pace set in January and February. Many broadline retailers were affected by winter storm conditions that slowed consumer traffic. Nevertheless, most broadliners posted comp store sales gains in line to only slightly below plan. March and April comps are affected this year by the early arrival of Easter, with March benefiting at the expense of April sales. Broadline retailers' plans reflect this shift, with sales plans higher than normal. Broadliners could face problems in the spring if cold weather lingers because the early arrival of warm weather in 1998 boosted spring comps noticeably. We forecast our Merrill Lynch Broadline Index of same store sales should increase 3% to 4% in March, in line with the 3.9% gain last year. Merrill Lynch Same Store Sales Estimates — March Price Rating Mar 98 Mar 99 Plan Est. MTD Trend Department Stores Dillard – DDS 24 5/16 C-3-2-7 2.0 2-4 In Line Federated – FD 39 1/16 C-3-1-9 0.9 4-5 In Line May – MAY 59 13/16 B-3-2-7 7.3 0-(2) Slightly Below Nordstrom – NOBE 40 B-1-1-7 (4.0) (1)-(3) In Line JC Penney – JCP 37 º C-3-2-7 2.8 0-1 Below Saks – SKS 33 9/16 D-1-1-9 3.0 2-4 In Line Department Store Composite 2.5 1-3 Slightly Below General Merchandisers Dayton Hudson - DG 69 B-1-1-7 2.8 7-9 In Line Dept. Stores 8.6 9-11 Below Mervyn's 3.9 7-9 In Line Target 9.7 2-4 Slightly Above Dollar General – DG 33 1/8 B-1-1-7 16.8 2-4 In Line Family Dollar – FDO 21 7/8 B-1-1-7 3.0 6-8 In Line Kmart - KM 17 5/16 D-1-1-9 (1.2) 5-7 Slightly Above ShopKo – SKO 31 * C-2-2-9 3.7 3-5 In Line Costco - COST 90 º B-2-2-9 9.0 5-7 In Line Sears – S 43 11/16 B-2-1-7 4.7 0-2 In Line WalMart – WMT 93 7/16 A-1-1-7 6.2 7-9 In Line WalMart Stores 5.4 7-9 In Line Sam's 9.2 7-9 In Line General Merchandise Composite 5.6 5-6 In Line Broadline Composite 3.9 3-4 In Line Companies which don't give weekly sales guidance; MTD – Month To Date; Rstr – Restricted Bulletin United States Retailing/Broadlines 9 March 1999 Daniel D. Barry First Vice President Glenn M. Salzman Industry Analyst Retailing — Broadlines Severe Weather Slows Comp Store Sales Reason for Report: Weekly Sales Analysis Merrill Lynch & Co. Global Securities Research & Economics Group Global Fundamental Equity Research Department RC#10206812 Industry