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

To: Sarmad Y. Hermiz who wrote (46231)	3/17/1999 9:40:00 PM
From: Glenn D. Rudolph	Respond to of 164684

My feeling is that investors are not persuaded by brokers to buy, nor are shorts scared into covering. Perhaps they learned Jan's box trading secrets. Sarmad, I believe much of this is due to the fact the volatility has decreased. Tomorrow will be a most interesting test for amzn. A few people have been saying amzn does not benefit much from broker upgrades. Meaning brokers are unable to bring new holders into the fold. The CMGI split may affect the entire sector too. My observation of previous three upgrades is that only day traders were pulled into buying. Evidence is 1- open gap up on low volume. 2- quick rundown. 3- negative close. Tomorrow if #1 happens, I will sell some long shares and see if #2 and #3 follow. I agree with this. Glenn

To: Sarmad Y. Hermiz who wrote (46231)	3/17/1999 9:42:00 PM
From: JOHN W.	Read Replies (1) \| Respond to of 164684

The same analysts with strong buys had them when we were at 199. As I have been saying AMZN growth rate is severely off the mark!!! Do you think they would be pissed if their advertising campaign was working and bringing in new customer base or offering desperado coupons. See you at 120 tomorrow. Amazon.com puts Foote, Cone & Belding on 30-day notice SAN FRANCISCO, March 17 (Reuters) - Internet book retailer Amazon.com (Nasdaq:AMZN - news) threatened to leave advertising agency Foote, Cone and Belding, a unit of True North Communications, if it does not improve performance on the account, an agency spokesman said. Tom Robbins, spokesman for FCB in San Francisco, told Reuters the agency received a letter from the Seattle-based Internet company giving them 30 days' notice, but he declined to give further details. Amazon.com, which spends about $40 million a year on advertising, did not return phone calls. Earlier this week, the company launched its first TV campaign in a year about a fictitious search for a location to house its bookstore. The new ads are based on a radio and print campaign that Amazon.com ran previously. FCB, which recently laid off 35 employees, has been experiencing a rocky period since it lost clothing company Levi Strauss's $90 million jeans business a year ago. --------------------------------------------------------------------------------