Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.23

+1.8%

Nov 28 12:59 PM EST

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To: Les Paul who wrote (10002)	7/10/1998 11:17:00 PM
From: Randy C.	of 164684

Les, I agree that this AMZN run has been nonsense & I've been a bear on this stock all year, but... <<As an analyst on CNBC said today, the internet stocks WILL all be selling for about one fifth of their current values when this frenzy ends. >> This may happen to AMZN eventually but the internet sector as a whole is not going to suffer this type of selloff IMO. This consensus bearishness over the internet sector the last couple days has got me thinking we may not see the long anticipated sector-wide sell-off after all. If we do, I think it will be more in the 30-40% range from the highs rather than 80% from current levels. AMZN, OTOH, could crash anytime given the right impetus. I shorted this stock from 59 to 100 before finally covering. I don't think its worth more than $25-30/share, and even this is generous. Obviously no one has been buying this stock based on valuation. Good Luck! - Randy

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