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

To: KeepItSimple who wrote (58593)	5/26/1999 8:22:00 AM
From: Glenn D. Rudolph	Respond to of 164684

TAUB TALK: No Guts, So it's Gory for Internet Stocks (5/25/99) TODAY I. I. A N A L Y S I S UPDATE: Look for a Rebound at Broadcom Analysts Spar Over Y2K Banking Issue UPDATE: Why Ciena's Recovery is Real MICROCAP JOURNAL: Hello Direct, Registry Magic Late to the Party -- Oil Patch Upgrade Comes After Stocks Skyrocket Dillard's Stock is On Sale Peapod: One Veggie Best Left on Your Plate Tecnomatix Technologies: Benefiting From Not Paying Taxes Has Avis Bit Off More Than It can Chew? Candies to Issue Press Release Next Week It's Time To Sell First Union SELL SIGNALS: CustomTracks Stock Ripe for a Bludgeoning Candid Words From Paine Webber Analyst: We Made the 'Wrong Call' Barnesandnoble.com: Amazon.com at a Discount StarMedia: Latin America's Answer to Yahoo Novell Beats Estimates By A Penny Is Fatbrain.com the Next Hot Net Stock? Rambus: Living in Royalty Why Nordstrom is Still No Bargain UPDATE: Healthy Outlook at Pharmaceutical Product Development Australians Still Waiting for the Impact of the Asian Crisis CS First Boston Says 'Sell' Big Banks Amid Y2K Concern UPDATE: Cendant Continues to Trim Down TAUB TALK: Forrester Fiddles While Internet Stocks Burn C O M M E N T A R Y Why the Dow Jones Utility Index is Gaining Despite Rising Interest Rates TAUB TALK: What's up at Polaroid? DID YOU MISS A DAY? Last 7 Days Archived iionline.com by Steve Taub Investors have finally lost their cyber-nerve. After watching many of the Internet stocks slide by 40%, 50% for the past month or two, you'd think investors would come in and bottom-fish. No siree. Like this Article? Even though that strategy has worked each time Internet stocks have slipped over the past year. Even though Lycos (NASDAQ: LCOS - Quotes, News, Boards) was upgraded today and CMGI (NASDAQ: CMGI - Quotes, News, Boards) awakened today to new analyst coverage from Prudential Securities, which promptly rated it a 'strong buy.' Okay, Lycos is up $2.88 to $100.63 (in late afternoon trading). But CMGI is down $8.75 to $202.31. The stocks that didn't receive upbeat comments are even worse off. Priceline.com (NASDAQ: PCLN - Quotes, News, Boards) is down $13.22 to $112.13, eToys (NASDAQ: ETYS - Quotes, News, Boards) is down $6.25 to $50.75, Yahoo is off $6.19 to $131.69 while Inktomi (NASDAQ: INKT - Quotes, News, Boards) has plunged $13.19 to $90.13. Folks, this is just a small sample. And, you know what? These stocks are going to keep free-falling another 30% to 50% from here. There are no catalysts to buy these things now. The only hope: A takeover. Soon, these stocks will fall to valuations that the well-financed media companies could justify paying. Then you'll see the traditional media companies cherry-picking the fallen Internet stocks. But, these stocks need to fall a lot further before this happens. In the meantime, as I have been saying for the past month or two, stay away from these stocks.

To: KeepItSimple who wrote (58593)	5/27/1999 12:04:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>Cheers and good luck to us all! << Kis, that's class. The bulls feel that the bears want them to lose all their $money, and visa versa with the bears. In reality we would like everyone to make profits, even Bezos, but I still don't buy his ability to justify his market cap, with all of his current losses. I guess that's why I'm still long with Wal-Mart.;-)) Ps The bulls will tell us that his losses are only current. I'm saying Wall Street won't wait for 10 more years. Do you know what's sad?? We might be all 10 years older, before this issue gets resolved?? Do you know where ever I go, everyone keeps bring up, will Amzn ever make $profits??