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

AMZN 226.99

-1.1%

3:59 PM EST

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To: llamaphlegm who wrote (20009)	10/5/1998 10:37:00 AM
From: H James Morris	Read Replies (1) of 164684

Lp<More than a few observers argue that the corrective process is far from over. For example, a stock like Amazon.com (Nasdaq:AMZN - news), whose price rests entirely on hopes for the future rather than any present earnings or dividends, still trades at more than five times its 12-month low. Can you see why I've been confused since May? Why is it that I've been confused while the Analyst's that follow it, aren't? Vinik must love this confusion! I mean would you leave a sweet shop, when everyone is confused.

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