Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

3:59 PM EST

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To: GST who wrote (69823)	7/26/1999 8:39:00 PM
From: GST	Read Replies (1) of 164684

William -- it is the valuations that are so extreme -- that is what makes them more risky than we normally allow for in these discussions. These are stocks that can 'correct' 80% off their highs, and still not be under-valued. A stock with a low-beta typically has pretty predictable performance -- nothing spectacular but nothing with a lot of risk. Utilities come to mind before deregulation as an example. AMZN is not a predictable stock over the next few years -- and as such it carries a high degree of risk. Its price should reflect the time factor -- waiting for profits -- and the risk factor -- the possibility there will be no profits. This makes this stock a very speculative investment vehicle. It is not 'extreme' of me to mention this -- and it should be said as a caution to those who think these stocks trade on their 'fundamentals'. This stock can go down much further from here -- I will not repeat the cautions I posted earlier about the market as a wholoe -- except to say, this is a poor bet right now.

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