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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.99-1.1%Dec 8 3:59 PM EST
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To: GST who wrote (144280)7/26/2002 10:09:21 AM
From: Alomex   of 164684
 
AMZN can go to $3 while the broader market stabilizes and begins to move a little higher.

Of course.

You wouldn't expect Kozmo to re-emerge from bankruptcy just because the market has gone up. Their business model was flawed, and they'll remain bankrupt even if the Dow doubles tomorrow. Ditto for Amazon. Their true enterprise value is around $3 per share. The market is coming to terms with that and will let the stock drift to that level...
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