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

To: H James Morris who wrote (47417)	3/25/1999 11:50:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Very interesting! I was thinking that the tech stocks showed a nice move up today - people quickly shrugged off the concerns over Yugoslavia and decided that this was cause to jump back in. I think the markets will remain nervous but will probably move up. Some factors that are encouraging are: The breath of the move was bullish and the threat of inflationary pressure caused by rising oil and other prices was countered by a much deeper than expected move down in capital goods expenditures. That probably puts off the chance for a mild inflationary trend to at least the end of the year. And that tends to keep the stock market moving ahead, if more modestly than last the last few quarters. Your news item adds to the knowledge base of how the Internet is enabling a whole new mechanism for price comparison and cutthroat price competition. Some people, like myself, have figured out how to use the Internet to get really great prices and great service. Most Internet shoppers probably aren't as concerned - to me it is a bit of a game to quickly slice through suppliers and get what I want at a big discount. Today I bought a Mitsumi CDW drive for $135 and was happy to see the same product advertised in the paper for $215. My bargain hunting is through bookmarks and experience but these new shop bots will enable a whole new avenue for thrift - a fun and convenient way to drive Amazon et al to 2% net profit margin by 2010 (if then). BTW, I looked for a book that is due to be published in April at Amazon B & N, Books, and Booksamillion.com. Amazon and B&N had the same price ($31.95), Books started off at list, $39.95 but discounted it to $30.45 when I clicked to compare it to Amazon's price, and Booksamillion had it for $26.85, by far the best deal. I imagine that there will be services that will develop that will guarantee that they can find you the lowest prices or save you X percent on your purchases. When people start buying a significant amount of their needs on the Internet that service will be worth paying for. ---- I think Amazon will make another stab at 142 and will break through it within the next 2-3 weeks if the market doesn't turn sour. The added factor that will likely set it over will be the fact that we are almost through the earnings disappointment announcement period and will start seeing a higher percentage of favorable earnings reports.