Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eski who wrote (52534)	4/24/1999 1:48:00 PM
From: Al Chechatka	Respond to of 164684

>>>>>Amazon converts get close to conversion price >>>>>At $234, convertible bonds will become common stock."" I think they will want to cash out because the bonds only make 5% for 10 years. They already have the interest in the increase in the stock. Look for the stock to go to those levels. But it has to stay above that level for 20 out of 30 days. I want to ask how was everyone feeling when the stock was at 159 on Monday and floundering in the morning on Tues? If you had fear, and were watching like a hawk, this may be a great time to get out. One day it may happen where it bounces on Tues, but Wed it closes below the Monday close (159). My point is don't get greedy. Fear is much much stronger and may win. We know marketcaps on these stocks don't matter so I can see it hitting 50 billion as well as 14 billion (which would only trace back to Feb. lows of 84). If you think it is worth 35 billion, did you buy MSFT in '93 when it was 35 billion or even better, Walmart in '96 when it was 35 billion. In both cases you would have cranked huge profits. Longs obviously have everything going for them. Analyst's saying this is a screaming buy on any dips, lifting the stock 20% in a day. I will probably buy some monday am. Not because it is a good company and has great earnings, but because of the trend. Probably sell it on Wednesday before the close. Wait for the earnings and the instinet quotes before further action. Al C.

To: Eski who wrote (52534)	4/24/1999 4:09:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Eski -- thanks for reminding us about the converts at $234. Do you think it will be a factor this week?

To: Eski who wrote (52534)	4/25/1999 10:18:00 AM
From: tonyt	Respond to of 164684

<<How do you think this will affect AMZN this week?? << ""Amazon converts get close to conversion price << At $234, convertible bonds will become common stock."" This can only be viewed as a positive. Bezo gets to reduce a huge chunk of debt at -0- call premium and the bondholders get to realize a better return than the interest they're getting. Also, this sucusseful bond play sets bezo up to do another one at twice the price! The stock should hit DLJ's $280 price target by Friday.

To: Eski who wrote (52534)	4/25/1999 2:32:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

cbs.marketwatch.com; Ty very much for the article, I am thinking about how to take advantage of the "facts" in the next two weeks. Some of the facts: 1. The company can redeem the bonds whenever the stock's price exceeds $234 for at least 20 days in a 30-day period. 2.. The Amazon converts are held entirely by institutions, Seefeld noted. 3.Seefeld said the stock is likely to see volatility as the $234 conversion price nears In addition to the above, there are two strategies are employed here: 1. DLJ's $285 price target, 2. The E plus split momentum play.