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

To: MoonBrother who wrote (59758)	6/1/1999 10:51:00 PM
From: dennis michael patterson	Respond to of 164684

Moon, I made a lot of money with this baby, and I will again. The shorts last Dec and January got pulverized. This is a mania-- psychology, not fundamentals, control.

To: MoonBrother who wrote (59758)	6/1/1999 11:33:00 PM
From: Winston Lee	Read Replies (1) \| Respond to of 164684

Hello MoonBrother & All, The bears are increasingly taking over this thread. To me, that means it is time to buy very soon, just like late last summer when only Bill was trying to fend off the entire horde of bear stampede. On a fundamental level, I think there is a severe "decoupling" process going on - at the initial stage, all of the internet stocks fall. When the internet stocks stabilize, I think we will see a gradual divergence between quality and non-quality issues. I would put AMZN with quality issues such as YHOO, EBAY, EXDS, EGRP, INKT etc. 80% of all new internet IPOs are total junk ... most of them will not be around in 5 years ... and even companies such as LCOS, SEEK, and other secondary issues are total junk. I think Barron's article did a great disservice to AMZN, which is only getting stronger vis-a-vis in terms of its competitive position. After it has largely destroyed the competition, including BNBN, I think we will see scalability & law of increasing returns kicking in. The one big problem is that the competitors have such easy access to capital that AMZN is forced to fight a war of attrition. After AMZN has improved its competitive position, I expect AMZN to slightly change their business model from a stricly e-tailer to more of an advertising & service-oriented company.

To: MoonBrother who wrote (59758)	6/2/1999 9:21:00 AM
From: Glenn D. Rudolph	Respond to of 164684

As any smart investor understands, there is a big difference between "losing" money and "investing" money. In the former case, a company's valuation relative to competitors deserves to be compressed. In the latter, depending on the ROI of the invested dollars, it might actually deserve to be inflated. In our opinion (which is, admittedly, based not on a detailed knowledge of where, exactly, Amazon.com is spending its money but on our confidence in management), Amazon.com is investing money, not losing it, so near-term profitability is not a good measure of future worth. Blodget has no knowledge as to how MAazon is spending thier money but makes an assumption based on management? Why not ask management as a good analyst should? This story is becoming more comical in time and Blodget is increasingly showing his lack of information and his laziness to obtain the facts. Glenn