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

To: Sarmad Y. Hermiz who wrote (54431)	4/30/1999 10:05:00 PM
From: Captain Leap	Read Replies (2) \| Respond to of 164684

Sarmad, I am long a small position in AMZN (in a much larger tech focused portfolio). I must admit that the earnings announcement left me luke warm. Yeah, the revenue was spectacular but the company is trying to fill two senior chairs at a time when growth is huge and cost is...well let's just say not a focus. And on the call the deadpan CFO did nothing to make anyone feel comfortable about cost control. If you had stated the above reasons for an impending price decline, I would listen to your argument. But it's clear that the current downdraft in EVERY big-time net and tech stock has more to do with cyclical rotation than evaporation of expectations. I saw a lot of hoopla from many analysts based upon the AMZN numbers. And you will note the historical precedent for big sell-offs after virtually every earnings announcement. I think the stock is going back to $200 as it continues to generate news (which it does almost everyday), and as expectations build anew without the distraction of earnings (yes I said distraction). Look for buying on Monday as the new money comes pouring into the market. Captain Leap

To: Sarmad Y. Hermiz who wrote (54431)	5/1/1999 9:28:00 AM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

>>>They were comfort with Q1 results, auctions, Kansas warehouse, assorted new businesses.<<< Sarmad, But the auction biz is still there, Q1 came in OK, the warehouse is still there, etc.. etc.. I dont see 120. We broke out at 142. There is a possibility of a return there. But I will be completely gone on a 2 day consecutive close below 50day EMA which is currently at 160. --Olu E.