Amazon.com, Inc. (AMZN) Message Board

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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Candle stick who wrote (7270)	6/24/1998 1:59:00 AM
From: Joe Williamson	Read Replies (1) of 164684

Perhaps no downgrades, but Prudential initiated coverage Friday with a "hold" feeling the stock was (then) fairly priced at "96 times 2002"s expected earnings". Struck me as an odd statement; most stocks are considered grossly overvalued at 40 times CURRENT earnings. How can anyone even come close to accuracy at projecting earnings four years from now with the current sharply accelerating growth in revenues. I'm in the camp of "this stock is grossly overvalued and a lot of money will be made on the short side", but NOT YET. I'm currently (and likely briefly) long. With the current momentum you're "long or wrong". I'd wait for a sell signal or two before getting too aggressive on the short side (as many previous posters can attest).

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