Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: i-node who wrote (89935)	1/6/2000 9:02:00 AM
From: Peter Bernhardt	Read Replies (2) of 164684

The simple truth is that AMZN is going to succeed, and continue to be the undisputed best at what they're doing. So what if they bleed along the way -- that's what it takes to get a new retail operation off the ground. What AMZN is best at is certainly open to interpretation. True, they are a pretty good bookseller. But what they have really excelled at, beyond all else, is extending a hopeless business model through quarter after quarter of increasing losses. How far into the future is it now before they will turn a profit? But forget that for the moment, because as so many are only too eager to point out, we should ignore the short term bloodletting as Amazon builds the internet's preeminent franchise (even though the short term has been going on for quite a while now). Look at the charts. The stock is broken. In the short term, AMZN has made a decisive break through its trendline. It has also formed an ugly double-top on its weekly chart. After the boost from YHOO's report, AMZN may offer an excellent shorting opportunity. - PeterB

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