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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.55-1.6%3:59 PM EST
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To: OtherChap who wrote (23704)10/29/1998 3:54:00 PM
From: Rob S.   of 164684
 
Your views are overly slanted for the short-term. The numbers showed increased sales - dancing around it to say they had the worst numbers or performance on the internet is foolish. They had good sales and sign-up growth. They also had a tremendous response to their introduction into music sales. That could be a prelude to successful entry into other product areas. You can argue about losses but the market is not focused on earnings - when has that mattered in the past? The perception of this stock won't change much until it is shown that although they can build sales rapidly, competition will decrease growth rates and force price competition. That realization may not happen until mid or late next year or even latter. My time frame for "the competitive business reality to hit" is moved out at least 3-6 months. I had thought the stock would move down to the 70 level this fall. Now I expect it to hold above 90 for the rest of the year.
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