Does Amazon Have Cooties?

JJC says nay, but Berko thinks it could drag the whole sector down.
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Now

Jeff Berko

and I are duking it out. He says that the news that just came out about

Amazon

(AMZN) - Get Report

, big loss, no big upside to the revenue, is negative enough to knock

AOL

(AOL)

.

Me, I think Amazon is, is, well, Amazon -- and the market will discern between the two. The AOL call finished on a negative note, some bummer question about free ISPs and whether this will be the trend. Simultaneous with the question came the 'Zon's right in-line loss and a two-for-one split.

I think it is too hard to call. I just believe that Amazon's profligate ways won't impact AOL. Jeff thinks that the sub-sub growth at AOL will overshadow the good margins and Amazon will take everything down.

Of course,

Instinet

confirms his view right now, with AOL trading back to 114.5 on the bid side.

Six o-clock and we are still at it. Can't wait till round-the-clock trading. Round-the-clock indecision and pain!

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AOL. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.