Try to figure out the potential market on books, music, videos, auctions, toys, electronics, drugs, homegroceries, etc. How many hundreds billions on them. From conference call, I hear only on electronics, the potential market is around 100 billions.
Well golly gee whillikers, that's a lot of market potential.
Now all Amazon has to do is convince all the other stores (which currently are the ones doing those hundred billions of sales) to close up shop.
One analyst from Deutsche Bank, Alan Braverman (now become BOA Securities analyst), gave $400 as his target on AMZN. The price at that time was up to around $200 from $160-170 (I forgot exact number, please correct me if I am wrong). On the same day, one analyst from Merrill Lynch said AMZN is worth only $50. After market closed, CNBC invited them to gave their argument on their predictions.
Now, we know who was right....:)
Actually, it sounds like both may be right. Amazon is currently selling for ~400 (pre 3/1 split). Amazon is currently worth closer to $50 (pre 3/1 split).
But good luck Day Trading, anyway. |
