Amazon, AOL Down
Friday, May 22, 1998
by David Forrest (DavidF@fool.com)

ALEXANDRIA, VA (May 22, 1998) -- Okay, so you were expecting TMF Parlay? Just before deadline, Paul was abducted by aliens so he couldn't be here tonight. Because of this, I was begged... er... asked... OKAY, I was threatened with bodily injury if I didn't write the Fool Port tonight.

I'm guessing, given that today is the start of the long Memorial Day weekend, that most of you are planning barbecues, getting geared up to watch the Indy 500, or looking forward to traveling with the other twelve million people estimated to be traveling this weekend. If, by chance, you did decide to drop by the Fool to see what happened in the portfolio today, we thank you.

Equity investors took a hit across the board today with the S&P 500, Nasdaq, and Fool all losing ground. The Fool fared the worst though, down 1.71% while the S&P 500 only dropped 0.37%. Some of our heavyweights took us down today, including America Online (NYSE: AOL), which dropped almost $3, and the wildly volatile Amazon.com (Nasdaq: AMZN), which fell about $2 3/4. Morgan Stanley Dean Witter analyst Mary Meeker restarted her coverage of Amazon.com with an "outperform rating." She also lowered her earnings estimates for both 1998 and 1999 substantially. Ms. Meeker was our guest in an interview a few years back, and it makes for a very interesting historical read.

As for the rest of the portfolio, there wasn't much news to sink our teeth into. I'm sure that many of you may be asking yourselves, "Why is 3Dfx falling? How did Iomega ever get below $7? Will the Donald ever be a profitable short?" We can look at news and financial statements, but they don't always tell the whole story. An invaluable resource for opinions about your stocks is the Fool's Message Boards. If you've never been out to the message boards, you'll be happy to know that we just launched our new and improved message boards on the Fool's website. Make sure to click around and see what other smart folks are saying about your stocks!

Okay Fools, I have to run and get the potato salad and root beer for the big weekend. I hope everyone has a great time over the next three days. See ya back here at the Fool on Tuesday morning.

Be Foolish. Be safe.

David

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TODAY'S NUMBERS

Stock Change Bid ---------------- AMZN -2 11/16 86.00 AOL -2 7/8 84.63 T + 5/16 58.94 DD + 15/16 82.44 DJT - 1/4 8.75 XON --- 70.56 INVX -1 20.06 IP -1 1/16 50.75 IOM - 1/16 6.81 KLAC - 15/16 35.44 LU + 3/8 72.00 COMS - 7/16 27.88 TDFX - 7/16 21.69 SPY - 7/16 111.25
Day Month Year History FOOL -1.71% -2.40% 18.62% 298.11% S&P: -0.37% -0.12% 14.43% 142.25% NASDAQ: -0.88% -3.39% 14.94% 150.63% Rec'd # Security In At Now Change 8/5/94 710 AmOnline 3.64 84.63 2227.14% 5/17/95 1960 Iomega Cor 1.28 6.81 432.06% 10/1/96 84 LucentTech 23.81 72.00 202.42% 9/9/97 290 Amazon.com 38.22 86.00 125.00% 8/12/96 130 AT&T 39.58 58.94 48.92% 2/20/98 215 DuPont 59.83 82.44 37.78% 1/8/98 115 S&P Depos. 95.91 111.25 16.00% 2/20/98 200 Exxon 64.09 70.56 10.10% 2/20/98 270 Int'l Pape 47.69 50.75 6.41% 4/30/97 -1170*Trump* 8.47 8.75 -3.32% 1/8/98 425 3Dfx 25.67 21.69 -15.51% 8/24/95 130 KLA-Tencor 44.71 35.44 -20.74% 6/26/97 325 Innovex 27.71 20.06 -27.60% 8/13/96 250 3Com Corp. 46.86 27.88 -40.52% Rec'd # Security In At Value Change 8/5/94 710 AmOnline 2581.87 60083.75 $57501.88 9/9/97 290 Amazon.com 11084.24 24940.00 $13855.76 5/17/95 1960 Iomega Cor 2509.60 13352.50 $10842.90 2/20/98 215 DuPont 12864.25 17724.06 $4859.81 10/1/96 84 LucentTech 1999.88 6048.00 $4048.12 8/12/96 130 AT&T 5145.11 7661.88 $2516.77 1/8/98 115 S&P Depos. 11029.25 12793.75 $1764.50 2/20/98 200 Exxon 12818.00 14112.50 $1294.50 2/20/98 270 Int'l Pape 12876.75 13702.50 $825.75 4/30/97 -1170*Trump* -9908.50 -10237.50 -$329.00 8/24/95 130 KLA-Tencor 5812.49 4606.88 -$1205.62 1/8/98 425 3Dfx 10908.63 9217.19 -$1691.44 6/26/97 325 Innovex 9005.62 6520.31 -$2485.31 8/13/96 250 3Com Corp. 11715.99 6968.75 -$4747.24 CASH $11558.06 TOTAL $199052.62

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