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

To: Bill Harmond who wrote (53711)	4/29/1999 12:03:00 AM
From: Tom Kearney	Respond to of 164685

Bull signs: From the LA Times alone today, are reports of massive Mutual Funds inflows from 410Ks and the like (27B/month), Korea revisiting 1996 highs, increased consumer confidence levels. Abelson in Barrons shows a graph of M3 decline. Ever hear of M3? No, because it doesn't correlate to anything. M2 continues upward. Soon, the bears will only have astrology to turn to. At 5.5%, real interest rates continue to be high - i.e., in an environment of no inflation, they should continue down. The inflation rate is 1.8% - better - virtually ALL of that inflation is from TABACCO!!! Simply put, I'll be a buyin' in the morinin'. ('Cause the NAS is down again, and giving away free money.)

To: Bill Harmond who wrote (53711)	4/29/1999 1:35:00 AM
From: dbblg	Read Replies (2) \| Respond to of 164685

>>I don't get all the bearishness. I think the bears haven't taken a critical look. William, There are two sets of bears. The first, which includes KIS and everyone else who has been shrieking "tulip/scam/newbie daytrader mania" hasn't taken taken a critical look, and probably never will. The second set of bears understands AMZN's strategy, and applauds the results so far, but wants to see how AMZN management handles the upcoming inflection points before buying in. As I listened to the conference call this evening, I have to say I started to develop a keener appreciation for this viewpoint. I plan on holding my AMZN, but wouldn't be surprised to see the price retrace to where I entered (around 120) sometime in the next few weeks. I also expect that the net stocks which seem to face fewer execution challenges (emphasis on the word seem) and which have more leverage in their business models will bounce higher and faster than AMZN will.

To: Bill Harmond who wrote (53711)	4/29/1999 8:40:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164685

All Amazon is saying tonight is that new verticals gave a boost to the past two quarters and there's nothing right now to keep that new-business ramp going, so growth will slow some. The rest is expected swing-for-the-fences infrastructure building. William, It is not a declining percentage growth rate that is a problem. In fact, growth in revenues are wonderful. The problem is management doe not know how much expenses will increase as they expand infrastructure by the seat of their pants. That was quite clear in the conference call. I would not worry about doom and gloom at present as you stated. Amazon's stock price will do just fine after the sector corrects a bit.I just believe I am winning our long term bet. Are you willing to concede:-)