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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (44140)	6/1/1999 8:53:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 86076

the non-dairy creamer wants to bet against Barron's ...here is his refutation of AMZN.bomb..........fwiw. Defusing Amazon.Bomb By James J. Cramer 6/1/99 7:30 AM ET Does substantive news trump a journalistic hatchet job? In a few more hours, we will know the answer. Anyone long Amazon.com (AMZN:Nasdaq) had to be feeling down when Barron's featured its Amazon.Bomb story on the cover. Shockingly, Barron's rehashes some of the better arguments that have wiped out short-sellers for years, offering the same depth of wisdom that has turned its readers' wealth into poverty during its 17-year jihad against higher stock prices. I am sure the usual short-selling sources must have felt so triumphant all Saturday, Sunday and, glory be, that additional Monday of no trading, a three-day glow in the dark of the bear-den weekend if there ever were one. And then, this morning, we discover that the Federal Trade Commission is going to try to block Barnes & Noble's (BKS:NYSE) purchase of Ingram Books, a wholesaler that supplies the book industry. For those of you short memory, the announcement of that acquisition, broken here by fellow columnist Herb Greenberg, caused Amazon's stock to cascade a quick 15 points before it finally pulled out of its tailspin. In other words, if it was bad news for Amazon when this Barnes & Noble acquisition was announced, it must be good news now. So the bears, so gleeful, so positively Pooh-like after checking out some of Barron's honey, must now face a swift bullish incursion into the 100 Acre Wood. I'd bet against Barron's any day. After all, what are track records for?