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

To: Glenn D. Rudolph who wrote (59503)	6/1/1999 9:45:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

Glenn -- <AMZN is not in the book business.> Prophetic -- yes?

To: Glenn D. Rudolph who wrote (59503)	6/1/1999 6:03:00 PM
From: MoonBrother	Read Replies (1) \| Respond to of 164684

Glenn and all, How are you guys doing lately! As predicted in my previous message a while back, AMZN and the whole net group went down significantly during the past month or so. In the meantime, I've been quietly sitting on the sideline, enjoying the decent Net profits made before Apr 26, and waiting for the end of this round of Net correction. So, the fact that you guys see me showing up again here must prompts your hope that, as an undisputed successful Net trader, my opinion about AMZN, and the whole Net group for that matter, must have changed since my last visit here? If you have that hope, you're right! My current feeling is, AMZN is probably in its last leg of going downward. In fact, the whole Net group - here I mean those clear Net leaders - is in its final stage of correction. I'm expecting that, in the next 4 weeks, the Net leaders could move up as much as 30%, i.e. AMZN trades back to $150, AOL back to $145, CMGI back to $130, CNET to $65 and DCLK to $120. With above opinion, I've started using my massive reserved resources and have bot back the first chunk of AMZN today at $105. Within the next week or so, I'm planning to purchase up to 500sh EACH of AMZN, AOL, CNET, CMGI and DCLK. The goal for this round of investment is to get 30% return by July 1. If you've known my trading practice before, you know my short term prediction has a >70% chance of correctness. So join me if you want to make some money. Otherwise, you're welcome to sit and watch, or even do just the opposite if you want. Good luck! MB

To: Glenn D. Rudolph who wrote (59503)	6/2/1999 6:04:00 AM
From: Glenn D. Rudolph	Respond to of 164684

China "network" stocks shoot up, spurred by Yahoo BEIJING, June 1 (Reuters) - Taking cues from a long-term bull-run in U.S.-listed Internet stocks such as Yahoo Inc <YHOO.O>, Chinese investors are scrambling to snap up the country's so-called "network-concept" stocks. The domestic currency "A" shares in a few China-listed firms, whose businesses are related to Internet, cable television or telecommunications service, have soared by 50 to 100 percent in the last month. The entire "A" share market rose less than 20 percent during the period in a broad rally following a two-year slump. "The buying frenzy is sparked by the incredible gains in some U.S. shares such as Yahoo," said an analyst at the big China Guotai Securities. The star performers are Xiamen Xinde Co <0701.SZ>, Hunan TV and Broadcast Industry Co <0917.SZ>, CITIC Guoan Information Industry Co <0839.SZ> and Shanghai Video and Audio Electronics Co <600637.SS>. They also include TV transmission tower operator Shanghai Oriental Pearl <600832.SS> and Beijing-based Grinm Semi-conductor <600206.SS>. The share prices of Xinde, a conglomerate with interest in Internet service and software production, Shanghai Video and Shanghai Oriental have doubled in the past two weeks. Xinde was trading at 18.96 yuan ($2.32) at 0330 GMT on Wednesday, up from 10.16 yuan on April 30. Chinese brokers said the fever for these shares had not yet abated, although prices had drifted far away from their fundamentals and a correction was possible in the short run. "Apart from Yahoo Inc ... those miraculous network firms (in the United States) remain in broad deficits," said an article by J&A Securities analyst Guo Enlai, who said investors were optimistic about their futures. China has roughly two million registered Internet users and some industry analysts forecast the number will grow to 10 million over the next year. China had 17 million mobile phone users last year and 15 million more were expected to sign up this year, according to a recent report by the official Xinhua news agency. State media said the State Administration of Radio, Film and Television (SARFT) was moving into telecommunications businesses by taking advantage of its existing network. In April, SARFT announced a plan to set up the China Cable Television Networks Corp to conduct telecommunications and cable businesses. Beijing has also approved the establishment of a firm by the Chinese Academy of Sciences, the Ministry of Railways, SARFT and the Shanghai government to provide telephone and on-line services. "Hold your network shares firmly. Don't let them slip through your hands," screamed a headline in the latest edition of China's popular Securities Market Weekly magazine. ($1.0 = 8.28 yuan)